Tuesday, February 2, 2010 9:22 AM
Need-To-Know Memo, Feb. 2
By Amy Harder, NationalJournal.com
1) Unlike last year's budget, the administration isn't including a specific number for estimated revenue from a market-based climate change bill (CongressDailyPM -- subscription).
2) The budget requests $56 million for EPA and state programs that would cut greenhouse gas emissions through regulation (Environment & Energy Daily -- subscription).
3) The Energy Department's budget boosted R&D funding for renewables and energy efficiency by 5 percent and cut it for fossil fuels by 12.6 percent (Energy Daily -- subscription).
4) The budget also eliminated tax breaks for oil and natural gas companies, drawing ire from the industry (The Hill).
(Subscribers to CongressDaily can read more about the budget here.)
5) "While much of the oil industry contracted last year, Exxon Mobil expanded its oil and gas operations in the United States and around the world" (New York Times). Still, its $19.3 billion profit last year is a drop of nearly 60 percent from 2008 (Washington Post).
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