Over the past decade, the U.S. government has spent tens of billions of dollars to speed onto the market the energy technology that many believe is the future — from solar panels to industrial-size batteries to modernized nuclear reactors.
“Building the new energy economy,” the U.S. Energy Department still proclaims on its Twitter feed.
But with Barack Obama out of the White House, a coalition of conservative politicians led by San Antonio Congressman Lamar Smith, the powerful chairman of the House Science, Space and Technology Committee, is pressing to overhaul a system they say allows the government, rather than the market, to decide the future of the country’s energy industry in a bid to create a new low-carbon economy.
Instead, Smith’s coalition of Republican politicians wants to cut funding for energy efficiency and renewable energy research. They’re questioning a program from the George W. Bush era that backs loans for advanced energy projects that can’t find financing in the private sector.
Led by Congressman Lamar Smith, GOP coalition seeks to slow down push to new energy technology – San Antonio Express-News
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