New DOE Chief's Plans Include Billions For Renewables R&D

Law360, New York (June 18, 2013, 5:32 PM EDT) -- President Barack Obama’s new energy secretary on Tuesday said the U.S. Department of Energy plans to invest billions of dollars in research and development funds for alternative energy, telling a House committee that he was bullish on the prospect of solar energy.

Energy Secretary Ernest Moniz reported to the House Committee on Science, Space and Technology that the Obama administration had requested $2 billion over the next 10 years for a so-called Energy Security Trust to provide research and development funding for alternatives to oil-burning vehicles, such...
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