As you can see from the chart above, only $65 billion, or 8.25% of the American Recovery and Investment Act is going towards Energy. Of that $65 billion, $22 billion is in tax incentives, so in fact, only $43 billion is actually being actively invested in Energy. What exactly are we getting with this investment? See the next post.
In addition, tomorrow we will have a review of Matthew Rogers', Senior Advisor, U.S. Department of Energy, testimony before the Subcommittee on Investigations and Oversight of the House Committee on Science and Technology on DOE's actions to ensure accountability and transparency in Recovery Act funding, including its efforts to promote science and technology.
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