Obama 2012 budget provides $8 billion for clean energy
President Barack Obama today proposed boosting funds for clean-energy research and deployment in his 2012 budget by slashing subsidies for fossil fuels such as oil, gas, and coal.
The budget would provide the Department of Energy with $29.5 billion for fiscal year 2012, up 4.2 percent from the proposed 2011 budget, and up 12 percent from the enacted 2010 budget. Some $8 billion would support research in clean energy like wind, solar, and advanced batteries.
"Whomever leads in the global, clean-energy economy will also take the lead in creating high-paying, highly skilled jobs for its people," … Read more