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Obama announces energy fund

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US President Barack Obama announced the formation of an energy fund to finance clean energy projects at the Caribbean Community (CARICOM) US Summit yesterday.

The meeting discussed issues of competitiveness, security and energy as a means to develop the region.

“Caribbean countries have one of the highest energy costs in the world,” Obama said at the start of the Caricom-US Summit which he co-chaired at UWI Regional Headquarters in Kingston. “Today we are announcing new partnerships and a new fund to mobilise private sector projects in clean energy for the Caribbean and Central America.”

Published in the Observer
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