Gallery: President Obama Proposes $2 Billion in Funding to Replace Foss...


Now that the sequester is in full swing, President Obama is proposing new sources of funding to finance his clean energy ambitions. The White House is urging Congress to divert $2 billion from oil and gas leases over the next ten years to pay for research into ‘breakthrough technologies,’ like advanced batteries for electric cars. Following the statements Obama made in last month’s State of the Union address, the goal is to begin to wean the county off of fossil fuels and stimulate the economy by investing in cutting-edge technology.

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1 Comment

  1. Jeff Panasuik March 16, 2013 at 10:50 am

    and I really do hope Obama plan to visit the work of Egyptian research that successfully convert plastic containers into biofuel as alternate over gas/oil.


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