In This Issue:
Energy and Climate Debate; Congress; Administration; Department of Agriculture; Department of Commerce; Department of Defense; Department of Energy; Department of Interior; Department of State; Department of Transportation; Environmental Protection Agency; Federal Energy Regulatory Commission; Government Accountability Office; International; State; and Miscellaneous.
Excerpt from Energy and Climate Debate -
Though we shared with you our analysis of the energy and environment portions of President Obama’s fiscal year 2015 budget request last week, we wanted to highlight a few additional sections in this week’s report as well. Most proposals in the budget request, released March 4, are holdovers from last year, though the administration included several new energy provisions. The budget request cuts $48.8 billion in fossil fuel tax breaks, and offers new incentives for alternative fuel and energy efficiency projects. The president’s budget request calls for a $1 billion climate resilience fund, which the president announced last month to help coastal areas prepare for severe weather events. The funding, spread across multiple agencies, would increase research and planning efforts on a wide variety of climate impacts. Congressional committees will continue reviewing the president’s budget requests this week, though sections pertaining to energy and environmental issues are not yet on the agenda.
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Topics: Department of State, Department of the Interior, DOD, DOE, DOT, Energy, Energy & Climate Debates, Energy Policy, Energy Tax Incentives, EPA, FERC, GAO, U.S. Commerce Department
Published In: Energy & Utilities Updates, Environmental Updates, Tax Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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