Jason Barton

Professional Information and Energy News

Sec Chu Slashes Budget, Increases Energy Tech Investments

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Obama’s efforts to appease Republican calls for decreased government spending are reaching in to the Department of Energy. That’s a good thing. Apparently Secretary Chu is striving towards all sorts of increased efficiency.

In addition to the $600M in cuts, however, he’s also seeking $8B in clean energy technology research. As I pointed out in an earlier post, as long as those investments are structured to provide returns to taxpayers and to the country in general, that’s positive. If those benefits are only extended to government or firms that do not pass them along to tax payers and energy users, then they are just another boondoggle.

Energy Department to seek $600 million in budget cuts

By Steven Mufson

Washington Post Staff Writer
Friday, February 11, 2011; 11:37 PM

The Obama administration will call for deep cuts in the headquarters staff of the Energy Department next week but will seek $8 billion in investments in the research, development and deployment of what it calls “clean energy technology programs.”

Energy Secretary Steven Chu posted a note to “colleagues” on the department’s blog site Friday listing about $600 million in cuts, saying that the department will take “responsible steps to cut wasteful spending and reduce expenses.”

Read the entire article here.

Written by Jason

February 12th, 2011 at 11:44 am