FOR IMMEDIATE RELEASE:
October 21, 2008

CONTACT:
Adam Lioz
Program Director, Progressive Future
(303) 893-0458

Statement of Progressive Future Program Director Adam Lioz
on Slowing Alternative Energy Investment

Denver, CO – The New York Times reported today that investment in alternative energy industries has slowed measurably in the past month due to frozen credit markets and tumbling natural gas and oil prices.

The Times article notes large reductions in alternative energy stock offerings this quarter, as well as diminished financing of new alternative energy projects.

Progressive Future Program Director Adam Lioz said of the report, “Times are tough, but one thing we cannot afford is to slow the transition to a clean energy economy.  In fact, sound investments in renewables are the path out of our current economic crunch.  By prioritizing a green recovery, we can create 2 million good jobs that can’t be shipped overseas.

“As the country tightens its belt this fall, the economic crisis demands we remember where Americans’ priorities lie: in securing our energy independence, creating green jobs in a struggling economy, and lightening the environmental problems – such as global warming – that we are loading on our children’s shoulders. Alternative energies like wind and solar power can help deliver the promise of a better America, and we should not lose sight of that fact.”