More than half of those 1.2 million jobs were indirect or induced, meaning they would be generated by money paid to workers in the new energy industry.
The investments are helping to build a new clean energy industry here in America.
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Not only are the costs of doing nothing astronomical in terms of coastal flooding, damaged agriculture, and new weather patterns, but the benefits of taking action will help create thousands of green jobs and an entirely new green energy industry.
The Smarter Energy Research Institute represents a new form of collaborative innovation for the energy and utilities industry and is modeled after programs that IBM has successfully implemented with clients in other areas, placing scientists with members from other disciplines and industries, working side-by-side to research and develop new breakthroughs.
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Rather, Bill believes that higher carbon prices, even if artificially buoyed by taxes, are needed to motivate private industry to develop new energy sources.
Spurring the development of clean energy industry clusters by funding new regional cluster initiatives and clean energy research consortia.
Environmentalists complain the new regulations have too many loopholes, while the energy industry frets they will create more hoops to jump through before it can hire people to extract the oil or gas from the ground.
The solar energy industry also stands to collect on the new green machines.
American innovation in discovering new techniques to release oil and gas from shale has paid massive dividends to the energy sector and created thousands of new jobs in the industry.
Given the size of the prize and technical complexity of producing value from efficiency reserves, a new breed of energy development comparable to the oil and gas industry has begun to take shape.
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In Pittsburgh, the cradle of the American energy industry in the 19th century, banned new drilling projects within city limits in 2010, but the state is challenging the authority of cities to issue such bans.
We can achieve energy independence in 10 years, create a whole new industry with tens of thousands of high-paying jobs.
The repeal of ObamaCare and the freeing up of the domestic energy industry would also lead directly to thousands of new jobs and lower cost energy, creating a more competitive U.S. economy.
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Meanwhile, Congress, when it returns from its Columbus Day recess next week, plans to resume work on a second package of new Hurricane Katrina-related tax breaks--a gumbo that could include everything from the Bush Administration's proposal for a new tax-favored "Gulf Opportunity" zone to more energy industry goodies.
Over the more than 100 years of its history, BP has taken pride in operating at the frontiers of the energy industry, and we are committed to defining the new path forward.
Duffy MacKay, vice president for scientific and regulatory affairs at the Council for Responsible Nutrition, a trade group for the supplement and energy drink industry, called the Nature study "a new, emerging hypothesis, " but said the researchers were drawing large conclusions from small studies of mice, bacteria and human biomarkers.
Until relatively recently, the solar energy industry had been too young, and the technology too new, to accurately predict return on investment.
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Market uncertainty generated by proposed new massive tax hikes on the energy sector should have those invested in the industry on edge.
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If Shell Oil, Chevron Appalachia and other companies are found to be abiding by a list of stringent measures to protect the air and water from pollution, they will receive the blessing of the new Pittsburgh-based Center for Sustainable Shale Development, created by environmentalists and the energy industry.
Mr Swinney insisted the new approach would improve the running of energy, telecommunications, postal services, water and the rail industry.
In a letter to Senate leaders last week, nearly 200 companies, industry groups and environmental organizations urged lawmakers to implement a renewable portfolio standard in new energy legislation.
Thanks to advances in software, a new generation of startups like Columbia Power are cheaply and quickly testing hundreds of new designs in virtual oceans while veterans of the industry are perfecting their technology to wring more energy from waves and lower the cost of electricity.
Those new regulations, it turns out, have amounted to little more than a speed bump for the energy industry.
With virtually no conventional fossil fuels of its own and a nuclear industry crippled by the Fukushima disaster, Japan has been keen to develop new sources of energy, however speculative they may appear.
Today, the energy industry invests only three tenths of one percent of revenues in the research and development of new technologies.
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Mr Davies said he had made his position clear to UK Energy Minister Malcolm Wicks, and would do so again in relation to the new Department of Trade and Industry led Review.
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The regulations governing new plant licensing and construction were overhauled in the 1990s at the behest of industry, and the Nuclear Energy Institute the trade association for the industry today offers no such complaints about federal regulation.
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Shadow energy secretary Meg Hillier said she wanted a new electricity market to be "greener and create certainty for industry" and called for "a good deal for consumers, both as users of energy and as taxpayers".
The current environmental crisis poses new challenges to the building and construction industry, in areas where engineering can provide innovative alternatives such as energy-neutral housing and energy efficiency, construction materials and practices, recycling and reuse of materials.
And it stands to reason that if the Obama Administration dropped its hostility to oil and gas energy, even more jobs would be created as the industry invested to exploit other areas with new technology and production methods.
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