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admin 06/30/2009 3:00 PM
Issue Homepage - Energy and Climate Change
PRESIDENT OBAMA: ACTIONS IN OFFICE
Passed bill which curbs the output of greenhouse emissions and puts tariffs on imports from countries who do not follow suit
Bill utilizes “cap and trade” system
Proposed energy bill which will add $9 trillion to energy costs by 2050
Official budget claims that proposed energy tax would add upward of $646 billion over the first 8 years
Named energy as one of three areas "critical to our economic future" for which he will propose large increased spending, and pledges to address energy this year
Proposed a budget that would allot billions toward renewables and energy efficiency in both research and implementation
The budget would also make coal and oil more expensive by increasing taxes on oil companies and creating a "cap and trade" system for carbon emissions
The budget would invest in clean coal research and biomass research, but says little about expanding nuclear energy
Signed economic stimulus package containing incentives for renewable energy and energy efficiency