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Partner, Kleiner Perkins Caufield & Byers
Thursday, July 16, 2009
U.S. Senate Committee on Environment & Public Works
“Ensuring and Enhancing U.S. Competitiveness while Moving toward a Clean Energy
Chairman Boxer, Ranking Member Inhofe and Members of the Committee, I am John Doerr, Partner at
Kleiner Perkins Caufield & Byers. I appreciate the opportunity to be here before the Environment and
Public Works Committee to discuss energy and climate policy.
You have heard many times that America confronts three interrelated crises: an economic crisis, a
climate crisis, and an energy security crisis. Well, my message today is there’s a fourth: it’s a
competitiveness crisis. It is a looming crisis in America’s worldwide standing in the next great global
industry, green technology.
There is no topic of greater importance for America's economic future.
Your decisions will determine whether the US leads or lags in tomorrow's global energy markets. And
the difference between those two futures is dramatic.
THE ENERGY CHOICE
In the U.S. alone, energy costs total more than $1 trillion per year -- for oil, coal, natural gas, nuclear and
renewable energy. a (See Exhibit 1 for more detail.)
This is on top of a similar sum we spend each year on what uses energy — our homes, shops, factories,
and cars. That means about $2 trillion per year is at stake right here in the United States.
We must ask ourselves:
Is that money we want to send to hostile powers to import oil?
• Are those goods we want to purchase from competitors?
• Or, do we want to produce that energy, make those goods, and create those jobs here in America?
Do we want to be the world-wide winner in the race to lead the next great global industry, clean energy?
That is the choice before us.
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CHINA IS WINNING
Guess who is leading the race today? China.
China understands that controlling its energy fut