“To meet our energy needs, the Administration believes we must rely on a diverse set of energy sources including renewables like wind and solar, natural gas, clean coal and nuclear power,” reports Energy Secretary Steven Chu.
Excerpts of Energy Secretary Steven Chu’s oral testimony at the House Energy and Commerce Committee, as prepared for delivery:
Chairman Upton, Ranking Member Waxman, Mr. Barton, Mr. Dingell and Members of the Committee, thank you for the opportunity to discuss the President’s Fiscal Year 2012 budget request for the Department of Energy.
President Obama has a plan to win the future by out-innovating, out-educating and out-building the rest of the world, while at the same time addressing the deficit. The President’s budget makes tough choices, cutting in many areas while recognizing that we must invest in strategic areas like clean energy innovation that will create jobs and strengthen competitiveness.
The Department of Energy’s FY 12 budget request of $29.5 billion supports the President’s goals. Defense-related activities such as non-proliferation and cleaning up Cold War sites account for roughly half of our budget. The other half, which includes energy and science programs, is also critical to national security in addition to economic competitiveness.
The budget supports loan guarantees for renewable and energy efficiency technologies. Nuclear energy also has an important role to play in our energy portfolio. The budget requests up to $36 billion in loan guarantee authority to help deploy a new generation of American nuclear reactors. It also invests in the research and development of advanced nuclear technologies.
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Source: U.S. Department of Energy
Photo: U.S. Department of Energy