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Obamas 2011 budget gives 28.4 to the Energy Dept., scraps fossil fuel subsidies

Jul 20, 2010
2011, budget, obamas
Obamas 2011 budget gives 28 4 to the Energy Dept scraps fossil fuel subsidies

President Barack Obama has released his $3.8 trillion 2011 budget request, including $28.4 billion for the U.S. Department of Energy to jumpstart green technologies and build a requisite job force . Surprisingly, nuclear would get a big boost. Not so surprisingly, oil and gas companies would have to kiss some of their tax credits goodbye.

The most interesting this about the energy budget request is just how hard hit the fossil fuel industry would be. About $2.7 billion in subsidies for oil, coal and gas would be canceled under this plan. The...

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Obamas 2011 budget gives 28.4 to the Energy Dept., scraps fossil fuel subsidies was posted on Tuesday, July 20th, 2010 at 1:29 pm. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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