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Bush’s Budget proposal came out today and the verdict is…

Highlights for the Energy Department’s Budget Proposal:

• $400million to research and $241million to demonstrate technologies for cost-effective carbon capture and storage for coal fired power plants.
• $1.65 billion in investment tax credits and loan guarantees for commercial deployment of technologies central to carbon capture and storage
• $242 million for Nuclear Power 2010
• $302 million for Advanced Fuel Cycle
• $156 million for making Power more competitive by 2015
• Supports vehicle technology program: lithium-ion batteries, plug-in hybrids, drive-train electrification
• Doubles the capacity of Petroleum Reserves to protect against oil disruptions
• Renewable Hydrogen: $209 million for Power Marketing admin and $3.5 billion for Bonneville Power Admin.
• $4.7 Billion to the Office of Science for future energy technologies and environmental solutions
• $5.5 billion to clean up Nuclear research and weapons productions sites.
• $495 million for the Yucca Mountains Nuclear Waste repository
• $6.6 billion for the transformation of Nuclear Weapons into smaller, safer , more secure and less expensive
• $1.8 billion for the Defense Nuclear Nonproliferation

If you’d like to read the whole Department of Energy Budget Proposal: Energy Budget

If you’d like to see a summary of the whole budget: Budget Summary

budget energy budget environment federal budget
February 4th, 2008 at 04:07 pm by bibi in Budget, Energy, Environment, Federal Budget

bibi