Speaking here to campaign activists who had traveled from around the state, Mr. Romney said, “We have got to take advantage of America’s extraordinary energy resources – coal, oil, gas, nuclear, renewables, wind, solar, ethanol, you name it – we’ve got to take advantage of all of them.’’
As governor of Massachusetts, Mitt Romney created a fund to invest in green energy, said alternative energy could generate jobs and approved bills allowing cities to build fields of solar panels. "Now is the time to refocus its assets in such a manner that it can become a major economic springboard for the commonwealth by focusing on job creation in the renewable energy sector," Romney said in 2003 of the state's energy trust fund that year.
Republican presidential hopefuls including Mitt Romney, Rick Santorum and Newt Gingrich have turned up criticism of Obama amid higher gasoline prices. Romney blasted Obama’s energy policy in his victory speech after the Illinois Republican primary on Tuesday night, and Gingrich is campaigning on a pledge to bring gasoline prices down to $2.50 a gallon if elected.
"Whether global warming or energy security is one's primary concern, everyone agrees that finding substitute fuels for oil is a good thing. Oil is what makes us most vulnerable economically and oil accounts for 44 percent of our carbon dioxide emissions. Both camps also agree that we should exploit renewable energy sources like wind, solar, and agriculture-based fuels, as well as maximize energy opportunities from cogeneration - which is the simultaneous production of heat and electricity from a single-fuel source. When it comes to nuclear power, coal, and increased domestic drilling, the agreement disappears. Nuclear power is a win-win; it's a domestic energy source with zero greenhouse gas emissions. The McKinsey analysis determined that nuclear power poses the single largest opportunity to reduce global greenhouse gas emissions."
Governor Romney believes in man-made global warming, but he is not certain to the extent that man is causing the change in the environment. He supports a global effort to cap carbon emissions and possibly a global cap-and-trade, but not one that applies only to the US. Governor Romney supports lowering energy use through renewable resources and increased efficiency. He proposes "No Regrets" policies which he states is encouraging the use of US and renewable energy which has the combined affects of energy independence and lowering greenhouse emissions. Governor Romney supports the use of nuclear, clean coal, liquid coal (if carbon sequestered), solar, wind, and any other renewable resource. He also supports drilling ANWR, and offshore.
First, in terms of source, i'd like more nuclear power, i'd like to have liquified coal, where we can sequester the CO2. I'd like to see us using our renewable resources, solar, wind ... I'd like more cellulosic ethanol, biodiesel, biofuel, blue-green algae, biodiesel, all these sources. And the list goes on and on. I would invest substantially more dollars in developing basic science that can help develop some of these technologies. So that's the energy side.
Government has a role to play in innovation in the energy industry. History shows that the United States has moved forward in astonishing ways thanks to national investment in basic research and advanced technology. However, we should not be in the business of steering investment toward particular politically favored approaches. That is a recipe for both time and money wasted on projects that do not bring us dividends. The failure of windmills and solar plants to become economically viable or make a significant contribution to our energy supply is a prime example.