The Obama Administration has begun to unveil aspects of the budget the President will officially present to Congress the week of April 8. On Friday, a White House Fact Sheet was released detailing several areas where the President will request increased funding for energy programs. The White House Fact Sheet said the President will propose to increase the Interior Department’s Bureau of Land Management budget by approximately 20 percent, with as much as $40 million going for research to ensure safe and responsible natural gas production and for carbon capture and sequestration.
The president is expected to propose $375 million for investment in clean energy from fossil fuels—including funding for clean coal technology and a new $25 million prize for the first, natural gas combined-cycle power plant to integrate carbon capture and storage.
The president’s budget is expected to also call for expanding applied research and development of innovative manufacturing processes and advance materials in an effort to promote innovative energy efficiency technologies.