Obama Budget Calls for Clean Energy Funding

U.S. President Barack Obama is calling for additional federal funding for clean energy research as part of his 2012 budget.

The proposed plan, which was released Monday and is pending approval from Congress, also seeks to eliminate longstanding subsidies for fossil fuels.

Obama aims to increase funding for the Energy Department by 12 percent. The plan would offer $853 million for the development of small nuclear reactors, which are much less expensive than traditional nuclear facilities but may take years of research before earning approval, AFP reports.

The budget would also slash tax incentives for oil companies and reduce government support for drilling, potentially saving $4 billion per year.

It would trim 13 percent of the Environmental Protection Agency’s budget down to $9 billion by cutting funding for the agency’s efforts to provide clean water and fight invasive species like Asian carp, AFP said.

Categorized | Global Warming, Policies
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