They organized under the banner of the newly formed American Energy Innovation Council (AEIC) to deliver five recommendations meant to tap “America’s entrepreneurial spirit and longstanding leadership in technology innovation .. . and take control of our energy future”.

The council’s goals in many ways parallel those of the Obama Administration, but ramp up the scale and aggressiveness.

Gates, the co-founder and chairman of Microsoft, and Immelt, chairman and chief executive of General Electric, are joined by current or former top executives of Cummins, Bank of America, Xerox, Lockheed Martin and Kleiner Perkins Caufield & Byers.

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