Obama’s $2 Billion Plan to Replace Fossil Fuels in Cars

New York Times: With few options available for financing his clean-energy ambitions, President Obama on Friday will propose diverting $2 billion in revenue from federal oil and gas leases over the next decade to pay for research on advanced vehicles, White House officials said. Mr. Obama will visit the Argonne National Laboratory near Chicago to tour its state-of-the-art research facilities and to promote his idea, first proposed in last month's State of the Union address, to use oil and gas money to find ways...

URL: http://www.nytimes.com/2013/03/16/us/politics/obamas-2-billion-plan-to-replace-fossil-fuels-in-cars.html?partner=rss&emc=rss&utm_source=dlvr.it&utm_medium=twitter&_r=0