November 24, 2024 9:38 pm
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DOE aims to boost cleaner fossil fuel technology funding

DOEBy Evan Bell | Cronkite News Service

Federal energy officials unveiled a plan Tuesday to offer up to $8 billion of loan guarantees for development of cleaner-burning fossil-fuel technologies.

“The plan recognizes we have an obligation to the planet,” said Energy Secretary Ernest Moniz, who said the plan would double funds for development of technologies that burn fossil fuels more cleanly.

But one Arizona environmentalist called it a step in the wrong direction, saying the government should instead be encouraging investment in renewable energy.

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