Obama vows U.S. will remain green-tech leader

President Obama, speaking at a solar panel factory in Fremont, California, said Wednesday he was "not prepared to cede America's leadership" in green technology or the global economy, and called the devastating Gulf of Mexico oil spill a stark reminder of the need for America to develop alternative energy technologies that create new jobs.

"The spill in the gulf, which is heartbreaking, only underscores the necessity of seeking alternative-fuel sources," he said, addressing a crowd of about 250 people - including Gov. Arnold Schwarzenegger - at Solyndra Inc., a solar panel manufacturer.

"We will not rest until this well is shut, the environment is repaired and this job is complete," Obama said. "But even as we are dealing with this immediate crisis, we have to remember" that the risks of deep-water drilling are "not the only costs of our dependence" on fossil fuels, he added.

Read the full story on the San Francisco Chronicle.