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DOE announces changes to expedite economic recovery funding |
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Friday, 06 March 2009 |
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 After President Obama signed
the historic American Recovery and Reinvestment Act into law, Energy Secretary
Steven Chu announced a sweeping reorganization of the Department of Energy’s dispersal of
direct loans, loan guarantees and funding contained in the new recovery
legislation.
“These changes will bring a new urgency to investments
that will put Americans back to work, reduce our dangerous dependence on
foreign oil, and improve the environment.” Secretary Chu said. “We need to
start this work in a matter of months, not years – while insisting on the
highest standard of accountability.”
Secretary Chu announced that
he is naming Matt Rogers as Senior Advisor to implement these reforms and the
investments in the President’s American Recovery and Reinvestment Act. Rogers has more than 20
years of experience in working with the energy industry and has done extensive
work on the economics of addressing the global climate crisis. He served the
Obama Presidential Transition Team in a special effort to develop opportunities
to reduce the cost and increase the use of renewable energy in federal energy
procurement.
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