Reconstruction & Renovation

Obama announces nearly $4 billion of energy upgrades to public and private buildings

The Obama Administration announced $4 billion in combined federal and private sector energy upgrades to buildings over the next two years. According to the White House, these investments will save billions in energy costs, promote energy independence, and create tens of thousands of construction jobs. The $4 billion investment includes a $2 billion commitment to energy upgrades of federal buildings using long-term energy savings to pay for up-front costs.
Dec. 7, 2011
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The Obama Administration announced $4 billion in combined federal and private sector energy upgrades to buildings over the next two years. According to the White House, these investments will save billions in energy costs, promote energy independence, and create tens of thousands of construction jobs.

The $4 billion investment includes a $2 billion commitment to energy upgrades of federal buildings using long-term energy savings to pay for up-front costs.

In addition, 60 CEOs, mayors, university presidents, and labor leaders committed to invest nearly $2 billion of private capital into energy efficiency projects; and to upgrade energy performance by a minimum of 20% by 2020 in 1.6 billion sf of office, industrial, municipal, hospital, university, community college and school buildings.

Click here to learn more about $4 billion energy upgrades announced by the Obama Administration. BD+C

About the Author

Drew Ballensky

Drew Ballensky is general manager of Duro-Last Roofing, Inc.’s central U.S. facility in Iowa and company spokesman for Duro-Last’s cool roofing, sustainability and architectural education programs. He is past-president of the Chemical Fabrics and Film Association and chairman of CFFA’s Vinyl Roofing Division. Drew earned his bachelor’s degree in industrial technology from the University of Northern Iowa and master’s degree in business administration from Florida State University. Drew has over 29 years experience in business and industry in various engineering and managerial capacities. He has worked in the U.S. and Canadian operations for a major international manufacturer of pre-engineered steel buildings, was a financial analyst with a major athletic apparel manufacturer and was an owner of a general contracting company.
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