20 Apr '12, 4pm

Bill Slashes Funding For Clean Energy Investment: The latest bill that funds the Department of Energy for 2013...

The latest bill that funds the Department of Energy for 2013 cuts funding by 4 percent compared to President Barack Obama’s request. Just in time for Earth Day, renewable energy takes some of the biggest hits in the budget. The bill was drafted by the U.S. House of Representitives appropriations subcommittee and must now be taken up by the full appropriations committee. Despite the president’s call for an all-of-the-above energy strategy and a request for $27.2 billion for the DOE, the current bill sees a shift for more fossil fuels, including shale oil, and considerably less for renewables. The DOE’s Energy Efficiency and Renewable Energy gets slashed about 17 percent to $1.38 billion compared to 2012, although the president requested a 30 percent increase. Representative Rodney Frelinghuysen (R-NJ), who chairs the subcommittee, said in a statement that the cuts would be ...

Full article: http://www.greentechmedia.com/articles/read/bill-slashes-...

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