Barack Obama pitches $2bn clean energy research fund

BBC: US President Barack Obama has called for pumping $2bn (£1.3bn) from gas and oil royalties over a decade into clean energy research. In the first energy speech of his second term, Mr Obama made the case for an energy security trust while visiting a Chicago research laboratory. The president first proposed the idea in his State of the Union address. The White House says the trust would not increase the US deficit because oil and gas revenues are projected to rise. But creation of a trust,...

URL: http://www.bbc.co.uk/news/world-us-canada-21804509
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