White House Says $4 in Billion Clean-Energy Commitments Secured

(Bloomberg) — The White House has secured at least $4
billion in commitments from private companies and foundations to
invest in clean energy technology, double the goal it set in
February.

Encouraging private investment in clean energy is part of
President Barack Obama’s attempt to promote “a low-carbon
energy future,” Brian Deese, a senior adviser to Obama, said.

In addition to the private funding commitments, the Energy
Department is creating a central location to distribute
information about energy and climate change programs, including
research done by national laboratories, to help investors, U.S.
Energy Secretary Ernest Moniz said at a news conference Monday.

The financial commitments were made by the Goldman Sachs
Group Inc.
, the University of California, and other foundations
and investors, according to the White House.

Vice President Joe Biden is scheduled to announce the
pledges at an event on Tuesday.

To contact the reporter on this story:
Jim Snyder in Washington at
jsnyder24@bloomberg.net

To contact the editors responsible for this story:
Jon Morgan at
jmorgan97@bloomberg.net
Joe Sobczyk

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