The Obama administration wants to reduce oil consumption, increase renewable energy supplies and cut carbon dioxide emissions in the most ambitious transformation of energy policy in a generation.
Most of the investments by oil companies go to traditional fossil-fuel resources, including carbon- intensive energy sources like tar sands, above, and natural gas from shale.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/oil-giants-loath-follow-obamas-green-lead
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/international-herald-tribune-bangkok
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-dioxide
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/emission-targets
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/renewable-energy
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/biofuel
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fossil-fuels
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/united-states-america-us