"President plans to spend big on green cars and biofuels as Steven Chu says US wants to lead in clean energy technology."
"Barack Obama knew a budget proposal to end $40bn in tax breaks for the oil and gas industry would get him into an election-year fight with Republicans over his energy agenda.
It's at least the fourth time the president has called for rolling back the subsidies.
And, predictably, Republicans and the oil industry were spoiling for a fight. The main industry lobby, the American Petroleum Institute, attacked the proposal as "punitive and unfair".
Like Obama's earlier proposals to cut subsidies to the fossil fuel industry, this one is highly unlikely to pass through Congress.
What the revival of the proposal demonstrates, however, is that Obama, despite his earlier half-hearted support for action on climate change and other environmental measures, is willing to put up a fight now."
Suzanne Goldenberg reports for the Guardian February 13, 2012.
SEE ALSO:
"U.S. EPA 2013 Budget Cuts Programs, Supports States, Tribes" (ENS)
"Obama Seeks Clean Energy, Pipeline Funds In Budget" (Reuters)
"With Country Facing Red Ink, Scientists Say Nasa Is Scaling Back on Exploring Red Planet" (AP)
"Obama’s Budget Would Extend Treasury Grants for Wind, Solar" (Bloomberg)
"Obama Budget Would Cut $40 Billion in Fossil-Fuel Credits" (Bloomberg)
"Obama Seeks To End Oil Industry Tax Breaks — Again" (Houston Chronicle)
"Interior Dept. Budget Request Up Slightly" (UPI)
"An Agency-By-Agency Guide To Obama's Budget" (AP)
"Obama’s Epa Budget: 1.2% Cut Would Reduce Aid To States, But Chesapeake Bay Would Get More Funds" (Washington Post)
"Obama Seeks Third Annual Cut in EPA’s Budget by Trimming Grants" (Bloomberg)
"Turbulence for Oceanic and Atmospheric Research" (Science)
"USDA Budget Would Rise 2.5% Before Subsidy Cuts Begin" (Bloomberg)
"Good News for Research Funding at EPA, USDA, USGS" (Science)
"DOE FY13 Budget Unveiled -- National Security (Nuclear) on Top" (Scientific American)
"Obama's Budget Doubles Down on Renewable Energy" (Hill/E2 Wire)
"ENERGY: Budget Reflects Scaled-Back Vision for Clean Energy" (National Journal)
"Energy Dept. Would Get Increase for Advanced Manufacturing, Uranium Processing" (Washington Post)
"FDA Stays the Course, But Asks Firms to Kick In More Fees" (Science)
"Interior Budget Boosts Oversight of Offshore Drilling" (National Journal)
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