Trump dumps 'clean coal' research
His budget proposes slashing amount spent by Energy Department on investigation into ways to capture and store CO2 emitted when coal is burned to make electricity
Washington
US PRESIDENT Donald Trump promised his administration would bring about "clean coal", but his budget proposed slashing research the industry says it needs to make that a reality.
The Energy Department has spent more than US$200 million a year on research into ways to capture and store the carbon dioxide emitted when coal is burned to make electricity. Under Mr Trump's proposal released on Tuesday that would be cut to US$31 million, an 85 per cent reduction.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Glencore Group nears deal for Shell’s Singapore oil refinery
Opec+ may need to tackle oil capacity conundrum next month
Gold flat ahead of US payrolls data, set for second weekly drop
Oil settles near 7-week lows, focus shifts to economy
Exxon-Pioneer deal gets green light from US FTC, Pioneer exec barred from board
Shell maintains pace of buybacks as profit beats estimates