• 4 minutes China 2019 - Orwell was 35 years out
  • 7 minutes Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 11 minutes Trump will capitulate on the trade war
  • 14 minutes Glory to Hong Kong
  • 28 mins Yesterday Angela Merkel stopped Trump technology war on China – the moral of the story is do not eavesdrop on ladies with high ethical standards
  • 5 hours China's Blueprint For Global Power
  • 16 mins IMO 2020:
  • 11 hours World Stocks Drop And Futures Tread Water After China Reports Worst GDP Growth In 30 Years
  • 1 hour Brexit agreement
  • 16 hours Why did Aramco Delay IPO again ? It's Not Always What It Seems.
  • 3 hours The Ultimate Heresy: Technology Can't Fix What's Broken
  • 19 hours National Geographic Warns Billions Face Shortages Of Food And Clean Water Over Next 30 Years
  • 19 hours ABC of Brexit, economy wise, where to find sites, links to articles ?
  • 19 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 12 hours Deepwater GOM Project Claims Industry First
  • 14 mins Idiotic Environmental Predictions

Republicans Support Bill to Cut Renewable Energy Spending by 50%

The latest Energy and Water appropriations bill, the fifth of its kind to be presented before the Appropriations Committee, has outraged Democrats, who have begun attacking Republicans about the proposed 50% cut to spending on renewable energy.

Ranking Member of the subcommittee Marcy Kaptur, said that “we must develop a more secure energy future for this country. This is not really forward looking development for our country.”

The cut would see the amount spent on renewable energy research and development reduce by $911 million, and a total cut of $2.81 billion less than the 2013 budget.

Nita Lowey, a Ranking Member of the full committee, stated that, “with global carbon emissions at record highs and extreme weather events caused by global warming happening with increased frequency and deadly force, I see no justification for such drastic cuts to investments in renewable energy that decrease our carbon footprint.”

Related article: Developing Countries Lead the Way in Renewable Energy Investment

The republicans have also written into the bill that the budget used to support energy technology start-ups via the Advanced Research Projects Agency-Energy (ARPA-E) program will be cut by 81%, considering the whole scheme to be too high risk and expensive. It is the program that invested in failures such as Solyndra, but also success stories such as Tesla.

Lowey believes that “our economy will be at a disadvantage to capitalize on the benefits of 21st century discoveries, ceding breakthroughs in areas like clean energy to China.

We are just beginning to see benefits from ARPA-E. This bill would effectively end that program.”

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play