President's energy budget seeks improvement in renewable and nuclear, cuts subsidies for coal

2 February 2010 - President Barack Obama’s $28.4 billion Fiscal Year 2011 budget request focused on a "clean energy economy," as renewables,  greenhouse gas emission control, and "climate change" topped the list of Administration initiatives. Nuclear power received a nod, as the President included measures intended to "maintain a strong nuclear deterrent and to secure nuclear materials both at home and abroad." Among other items, the President’s FY 2011 budget request for DOE included:

  • Plans to develop new ways to produce and use clean and renewable energy.
  • Maintenance of effective nuclear deterrence while working to secure all vulnerable nuclear materials around the world within four years.
  • Expansion of the use of clean, renewable energy sources such as solar, wind, and geothermal.
  • Promotion of innovation in the renewable and nuclear energy sectors through the use of expanded loan guarantee authority.
  • Advancement in the cleanup of radioactive legacy waste from the Manhattan Project and the Cold War.

In developing this budget, Obama also expressed intentions to eliminate more than $2.7 billion in tax subsidies for oil, coal and gas industries and to terminate an Ultra-Deepwater exploration program. The budget also nixes a planned expansion of the Strategic Petroleum Reserve.

For more information about the Administration’s Fiscal Year 2011 budget proposal for the Department of Energy, visit Energy.gov's Budget and Performance page at http://www.energy.gov/about/budget.htm.



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