Fri 1 Mar to Tue 31 Dec 2013 to be announced

US Congress may create $2 bln green energy fund to promote renewable energy

  • By Maja Micudova and 1 other
  • Last update: 2 years ago
  • Washington, Washington, D.C., United States

Renewable energy

flickr-Hammer51012

The US Congress may create a $2 billion Energy Security Trust from federal oil and gas revenue to promote renewable energy following the White House request presented on February 13. 

"This $2 billion investment will support research into a range of cost-effective technologies - like advanced vehicles that run on electricity, homegrown biofuels, and domestically produced natural gas - will be funded by revenue generated from federal oil and gas development,"  a White House memo explained the initiative.

in.reuters.com - White House wants Congress to create $2 bln green energy fun on 2013-02-13

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