The American Power Act is a major step forward that would reduce United States’ dependence on oil and move our country toward a cleaner, more secure energy economy.

A comprehensive energy and climate framework was introduced, reflecting months of hard work from Senators John Kerry (D- MA), Lindsey Graham (R-SC) and Joseph Lieberman (I-CT). The American Power Act is a major step forward that would reduce United States’ dependence on oil and move our country toward a cleaner, more secure energy economy.

This framework was introduced on the heels of a letter sent to Majority Leader Harry Reid and the U.S. Senate last week, signed by 175 business leaders around the country, including 25 from Tennessee. The letter called on the Senate to get comprehensive energy and climate legislation back on track in order to spur a new energy economy, boost energy independence and decrease carbon emissions.

TN_Flag_2“Nike has long advocated for Congress to pass a comprehensive climate and energy policy that addresses the need for clean energy, new green jobs and advancing the innovation that will lead us into a low-carbon economy,” said Sarah Severn, Director of Stakeholder Mobilization for NIKE, Inc. “In 2009, our newest and largest distribution facility located in Memphis, TN achieved LEED Silver certification. It is our goal that our supply chain facilities strive to achieve the smallest environmental footprint possible, however we believe to do this, that proper business incentives be established to enable our company and the overall business community to invest in a future clean economy.”

“Tennessee businesses know that reducing waste increases the bottom-line and improves competitiveness. Across the US companies are saving energy and reducing carbon pollution to save money,” said Elizabeth Crook, President of Orchard Advisors. Orchard Advisors helps companies grow their bottom lines through strategic planning and strategic sustainability planning.

A recent study by a consortium of economists from three universities found that if polices implemented in the House-passed version of the climate and energy bill were enacted today, Tennessee stands to gain up to 20,000 jobs, can increase household incomes by up to $408 and grow the state economy by $900 million.

Tennessee has the third-fastest growing clean energy economy in the nation, according to a study from Pew Charitable Trusts. This results in large part from several billion-dollar investments from three major solar companies, Wacker in Cleveland, Hemlock Semiconductor in Clarksville and Confluence Solar in Clinton.

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Source: TN Business Leaders for a Clean Energy Economy