• 3 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 6 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 8 minutes OPEC is no longer an Apex Predator
  • 12 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 4 hours Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 26 mins Australia Election Summary: "This was the Climate Change Cult Election, and the Climate Change Cult Lost"
  • 1 hour Australian Voters Reject 'Climate Change' Politicians
  • 3 mins Shale to be profitable in 2019!!!
  • 8 hours California Threatens Ban on ICE Cars
  • 9 hours China Downplays Chances For Trade Talks While U.S. Plays ‘Little Tricks’
  • 9 hours IMO2020 To scrub or not to scrub
  • 7 days How can Trump 'own' a trade war?
  • 12 hours Global Warming Making The Rich Richer
  • 9 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 30 mins Misunderstanding between USA and Iran the cause of current stand off, I call BS
  • 34 mins DUG Rockies: Plenty Of Promise, Despite The Politics
  • 9 hours "We cannot be relying on fossil fuels to burn as an energy source at all in our country" - Canadian NDP Political Leader
  • 4 hours Some Good News on Climate Change Maybe
Alt Text

IEA: Renewables Growth Is Stalling

Renewable energy deployment stalled out…

Alt Text

Europe Throws Billions At New EV Battery Ventures

The European Union is looking…

Alt Text

How The Renewable Revolution Is Reshaping Geopolitics

Investments in renewable energy, especially…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Trending Discussions

White House Prepares Severe Blow To The Renewables Industry

The Trump administration may be preparing a very bad surprise for the renewable energy industry and environmentalists with a proposal to cut funding for clean energy and energy efficiency research by as much as 72 percent in fiscal 2019.

That’s according to draft budget documents seen by the Washington Post, which notes that most of these cuts—if they ever reach Congress—will be restored by legislators, but the very fact of their existence in a draft budget is one more indication that the current administration is dedicated to the fossil fuel industry’s well-being, as made evident time and again.

The Washington Post notes that the proposed cuts are deeper than those Washington proposed for the current fiscal year, and deeper than those the Energy Department said it could live with. Yet nothing is final; even the budget for this year has not been approved and federal agencies are operating on a string of continuing resolutions, the last of which expires next week.

If the current fiscal year is any indication, the proposed cuts will remain on paper only. Last year, the administration proposed that funding for the Energy Department’s renewable energy and energy efficiency programs should be US$636.1 million, which would have constituted a 66-percent cut from the previous year. Congress refused to play along, and the Office of Renewable Energy and Energy Efficiency was given a budget of US$2.04 billion. Related: China, U.S. Join Forces In EV Race

The Washington Post approached the White House for a comment on the leaked documents and received the following: “We don’t comment on any leaked or pre-decisional documents prior to the release of the official budget.”

The official budget is due to be announced later this month, but the Washington Post quoted an unnamed source as saying that the budget request had been lowered after negotiations with the Office of Management and Budget so that more money would go into nuclear energy—a sector that Energy Secretary Rick Perry favors, the daily reports.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment
  • Eulenspiegel on February 01 2018 said:
    Very good for the rest of the world - so chinese and european companies can take over this future market completly.

    USA last.

    Everyone is investing in wind and solar today, even countries like VSA, Saudi Arabia, India, african countries invest billions of $. They aren't very green - they simply see the future.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News