The United States government is doing its part to incite venture capital investments in clean and renewable energy by offering cash awards to energy production companies in place of earned tax credits. In a recent announcement, U.S. Treasury Secretary Tim Geithner and U.S. Energy Secretary Dr. Steven Chu awarded $502 million in the first round of…

On February 1st, President Obama announced a $28.4 billion budget request for the Department of Energy (DOE) to utilize in 2011, which includes $2.36 billion toward the new DOE Office of Energy Efficiency and Renewable Energy (EERE). As America shifts…

Last night, President Barack Obama gave his first official State of the Union Address to a joint session of Congress and went into heavy detail on the topics of federal deficit and national job loss. The President proposed policy changes that would eliminate programs that are unaffordable or do not work; repeal the ‘don’t-ask-don’t tell’ policy which currently bans homosexual persons from being allowed to serve in the military; reform immigration laws; improve earmark…

The White House has confirmed that President Obama has granted an agreement which will financially assist a nuclear energy program in the United Arab Emirates. The agreement still needs to be reviewed by congress in order to receive full clearance for funding. President George W. Bush set up the initial arrangement in the last term of his administration and left for Obama to push through Congress. Obama’s administration sees the proposition as a way to deter the production of nuclear weapons…