Obama announces plan to lease federal waters for clean energy

President Obama unveils a new energy initiative Wednesday in Newton, Iowa.

The president announced the initiative, to be administered by the Interior Department, while reiterating his pledge to push for a comprehensive energy plan that encourages the development of alternative fuel sources, cuts dependence on foreign oil, addresses climate change, and creates new jobs.

Wind power can generate 20 percent of the country's electricity by 2030 and support 250,000 jobs, Obama said during a visit to a wind turbine tower manufacturing plant.

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