Energy

Monday, February 1, 2010 9:17 AM

Need-To-Know Memo, Feb. 1

By Amy Harder, NationalJournal.com

1) The Obama administration's fiscal 2011 budget, to be released today, would "eliminate subsidies for fossil fuels, invest more money in clean energy projects and cut funding for" some programs at the Interior Department. The budget "also includes a placeholder for revenue from a cap-and-trade climate bill" (Environment & Energy Daily -- subscription).

2) The budget will triple funding for nuclear loan guarantees and eliminate funding for the proposed nuclear waste site at Yucca Mountain in Nevada (Greenwire).

3) The nuclear industry also wants to be considered a "clean-energy" part of any Renewable Electricity Standard (The Hill).

4) Sen. John Barrasso, R-Wyo., is criticizing the Securities and Exchange Commission's party-line vote to "have companies disclose information on climate-related risks and opportunities" (The Hill).

5) China and Indonesia have both officially agreed to the Copenhagen Accord. Meanwhile, the U.N. is facing pressure to change the way the talks are structured after U.K. Prime Minister Gordon Brown said the Copenhagen summit failed (Bloomberg News).

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