While I will always think the President could bring more political gravitas to energy policy, at least there's some interesting energy dynamics in the budget proposal released yesterday.
- President Obama's 2012 budget proposal includes the elimination of $4 billion of subsidies and tax incentives for oil companies (via @NoahFisher at Americans for Energy Leadership).
- The Administration will also push for small modular nuclear reactors.
- Many scientists were relatively pleased with the budget proposal.
- Budget increases in DOE R&D and a rollback of subsidies for carbon energy amounts to $8 billion directed towards clean energy.
- Loan guarantees for nuclear power would triple under Obama's budget, something I recently advocated.
- Energy Secretary Steven Chu has a nifty presentation on science, research and innovation in the budget.
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