President Obama, joined by former President Bill Clinton, announced a $4 billion initiative to improve the energy efficiency of government and private-sector buildings.
The effort is a move by the administration to spur job creation at no cost to taxpayers. The proposal would upgrade buildings over the next two years with a goal of improving energy performance 20% by 2020 with the federal government committing $2 billion to the cost and a coalition of corporations, labor unions, universities and local governments paying for the other half.