Tuesday, June 22, 2010

Lithium and Electrification: FedEx President Frederick W. Smith to Testify on Plan to End Oil Dependence TNR.v, CZX.v, LI.v, RM.v, LMR.v, WLC.v, CLQ.v

"Electrification Coalition: more than a dozen business leaders -- including Carlos Ghosn, President & CEO of Nissan Motor Company; David W. Crane, President & CEO of NRG Energy; and Frederick W. Smith, Chairman, President & CEO of FedEx Corporation"

This legislation is the key to fast advance of the Electrification of U.S. transportation system. It can change the landscape literally overnight and will find a lot of support from businesses and population on the local level. Will Obama be able to move it forward?

Bloomberg Businessweek:

06/22/2010 10:15 AM ET

WASHINGTON Frederick W. Smith, Chairman, President and CEO of Fedex Corporation, co-Chairman of the Energy Security Leadership Council, and a member of the Electrification Coalition, will testify tomorrow morning at a hearing of the Senate Committee on Energy and Natural Resources. Smith will speak to the dangers posed by our nation's dependence on petroleum, and the plan to end that threat through the electrification of the ground transportation system. The hearing will take place at 10:00 a.m. in room 366 of the Dirksen Senate Office Building.

On May 27, Republicans and Democrats in both the House and the Senate introduced legislation designed to advance the wide-scale deployment of electric vehicles and to develop the infrastructure needed to support them. Those bills echo recommendations put forward by the Electrification Coalition by proposing a set of policies in which geographic areas would compete to be selected as electrification deployment communities: specific areas in which targeted, temporary financial incentives are employed so that all of the elements of an electrified transportation system are deployed simultaneously.

WHO: Frederick W. Smith, Chairman, President and CEO of FedEx Corporation

WHAT: Testimony before the Senate Committee on Energy and Natural Resources

WHERE: 366 Dirksen Senate Office Building

Washington, D.C.

WHEN: Tomorrow, Tuesday, June 22

TIME: 10:00 a.m.

The Electrification Coalition is a nonpartisan, not-for-profit organization committed to promoting policies and actions that will facilitate the deployment of electric vehicles on a mass scale in order to combat the economic, environmental, and national security vulnerabilities caused by our nation's dependence on petroleum."
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