$2 Billion for Research on Cleaner Fuels

In his speech today on energy policy, Obama will propose shifting $2 billion from oil royalties toward research on cleaner fuels, The New York Times reports. …Focusing his first energy speech on research, an idea that appeals to both Republicans and Democrats, sends a signal that the president wants to find common ground on a usually divisive policy issue, Reuters reports. “Mr. Obama has given up on moving comprehensive climate change legislation through Congress and has ruled out a carbon tax as a way to finance the development of alternative energy sources, so he is pursuing smaller-scale projects that do not require new sources of revenue.”