February 8, 2016

Here’s How Much More Money Obama Wants For Global Warming Programs

President Barack Obama is preparing to unveil his 2017 budget request, and already reports have surfaced the president is planning on asking Congress for billions of dollars more to spend on global warming programs.

“One of the greatest challenges of our time is climate change,” Obama said in his weekly address Saturday. “Rather than subsidize the past, we should invest in the future. That’s why the budget I’ll send to Congress this Tuesday will double funding for clean energy research and development by 2020.”

Obama wants to build on increased green energy funding he got from Congress last year to eventually spend $12.8 billion on research and development by 2021, along with hundreds of millions of dollars to other programs aimed at fighting global warming.

The White House’s last big global warming push comes after the president proposed a $10 per barrel tax on oil production last week. Obama wants to tax oil to pay for green transportation programs, which he believes will be like a second stimulus program.

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