Washington (Platts)--29Apr2009

US President Barack Obama took to the road Wednesday to mark his 100th
day in office, saying that he was "not satisfied" with the progress his
administration has made thus far on renewable energy.

Renewable power is one of his signature energy proposals and he included
more than $40 billion in his $787-billion economic stimulus bill to expand the
energy resource in the US.

"I'm not satisfied and I know you're not either," he said in a town hall
event outside of St. Louis. "We can't rest."

Obama also told the audience that the US is "trapped by our dangerous
dependence on foreign oil" and that demands a response with clean, domestic
energy. The "only way to truly spark" that sort of energy innovation is a
carbon cap-and-trade system, he said.

"We can do this in a way that creates jobs," Obama said in the suburb of
Arnold, Missouri.

Obama backs a carbon cap plan that would cut emissions 83% by 2050 in an
effort to curb the effects of climate change.

--Alexander Duncan, alexander_duncan@platts.com