Energy Executive Responds to President Obama’s Speech

May 9, 2014

Energy Executive Responds to President Obama’s Speech on Climate Change

In President Obama’s speech today addressing the need to respond to the deleterious impacts of climate change on the U.S. economy and environment, he concluded that, “We can shape the sector that has the most impact on our economy.”

In response, Gerry McGowan, Managing Director, CBD Energy Limited, says:

“America just had its ‘Aha’ moment, recognizing that the energy sector is the most fundamentally important, capable of driving all segments of our economy and affecting every element of our society. With this recognition in place, I see that the floodgates for solar development and deployment are now in place and we anticipate rapid adoption in the U.S. as a result. Further, the leadership demonstrated by the administration this morning bodes well for the acceleration of solar-friendly policies here and in countries across the globe.”

James Greer, Senior Vice President of Westinghouse Solar, CBD’s solar installations subsidiary, says:

“President Obama highlighted today what the fossil fuel industry has been trying to hide: solar energy is clean and an inexpensive form of energy that all citizens and businesses, no matter what country, should be adopting.”

About CBD Energy Limited (OTC: CBDNF)
Established in 1989, CBD Energy Limited is a diversified renewable energy company and a global leader in solar installations. Powered by a management team with deep experience in the energy sector and strong engineering capabilities, CBD is focused on the integration of residential solar, commercial and industrial solar, small utility scale solar and wind projects, in three principal markets - Australia, the US and UK.

Headquartered in Sydney, with principal regional offices in London and New York, CBD has completed projects across four continents, in countries as far-reaching as Australia, Fiji, Germany, Italy, New Zealand, the UK and the US. CBD has installed more than 17,000 residential systems and developed large renewable energy projects such as the 107MW wind farm in Taralga, NSW. CBD markets its residential and commercial solar installations under the name Westinghouse Solar, using the WESTINGHOUSE® trademark pursuant to an exclusive, long-term worldwide license. For further information on CBD Energy Limited and its interests, please visit:
www.cbdenergy.com
www.westinghousesolar.com
www.westinghousesolar.co.uk
www.westinghousesolar.com.au

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