Would "Drill, Baby, Drill" be part of Google's vision for green energy? Yes, but not drilling for oil.
CEO Schmidt says punching down into the Earth to capture natural and clean geothermal energy could help move the United States away from its dependence on petroleum. Google's new energy plan also calls for a bold move into solar and wind power.
It would cost $2.7 trillion through 2030. However, Schmidt says it would generate $2.1 trillion in energy savings. It would also create hundreds of thousands of jobs. And help fight global warming- The Commonwealth Club of California
Gregory Dalton is chief operating officer at the Commonwealth Club of California and Director of The Club's Climate 1 Initiative. He previously was international editor at The Industry Standard magazine, an editor for the Associated Press in New York, and a correspondent in China and Canada for the South China Morning Post, a Hong Kong newspaper.
Proficient in both Mandarin and Cantonese, he is a former term member of the Council on Foreign Relations.
Eric E. Schmidt is executive chairman of Google. Since joining the startup in 2001, Schmidt has helped grow the company to be a global leader in technology. As executive chairman, he is responsible for the external matters of Google: building partnerships and broader business relationships, government outreach and technology thought leadership, and advising the CEO and senior leadership on business and policy issues. From 2001 to 2011, Schmidt served as Google’s CEO, overseeing the company’s technical and business strategy alongside its founder. Under his leadership, Google dramatically scaled its infrastructure and diversified its product offerings while maintaining a strong culture of innovation. Schmidt is a member of the President’s Council of Advisors on Science and Technology and the Prime Minister’s Advisory Council in the UK. He was elected to the National Academy of Engineering in 2006 and inducted into the American Academy of Arts and Sciences as a fellow in 2007.
Google CEO Eric Schmidt hypothesizes the effect the financial crisis and bailout will have on green technology investment. Schmidt sees an economic stimulus package directed toward the green sector in the near future.