President advised to support building plan
Policy groups have advised Barack Obama to sign a building retrofitting plan that would improve the nation's energy efficiency.
Two policy groups are recommending President Barack Obama support a $500 billion plan that would improve energy efficiency in existing American buildings, according to Bloomberg News .
The groups, Center for American Progress and Energy Future Coalition , support the plan that they believe will increase energy efficiency by 40% in commercial and residential buildings by 2020, generate about 625,000 full-time jobs, and save each citizen $300 to $1,200/year in energy costs.
Buildings consume 70% of all U.S. electricity and release 40% of the nation's greenhouse gases.
Private and public funds will support the plan's large price tag, which will be discussed at an energy conference in Las Vegas. Politicians past and present, such as Bill Clinton, Al Gore, and Arnold Schwarzenegger, will attend the conference.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey