Looks like Owens Corning is jumping on the Pickens Plan train that is rolling across the country.
Owens Corning Joins Forces with T. Boone Pickens to Advance Energy Independence
The Pickens Plan has always been about reducing the United States' dependence on foreign oil through the use of domestic renewable energy sources. Now, with Owens Corning involved, the plan will also include ways to increase energy efficiency in buildings across the nation.
This is where Owens Corning (NYSE symbol: OC) comes into play as a potential investment. Having been in the insulation business for 70 years now they have the product range and ability to obtain any type of government contracts that come about to bring existing buildings up to code when it comes to energy efficiency.
I for one will be very interested to see if President elect Obama includes bringing existing buildings up to "green speed" in his energy bill.
The Pink Panther - Sneaky Green Investment Play?
Subscribe to:
Post Comments (Atom)
1 comments:
I've heard Obama say many times recently that improving energy efficiency in homes is a major part of his short-term environmental/energy plan. In fact, a recent CNBC article states, "Obama wants to weatherize 1 million low-income homes a year by installing fuel-efficient furnaces, replacing windows and adding insulation." Insulation, exactly what Owens Corning produces.
Post a Comment