WASHINGTON – Following the one year mark since the release of the President’s Climate Action Plan, the U.S. Department of Energy (DOE) - in partnership with Air Products and Chemicals Inc. – today announced a major milestone, successfully capturing more than one million metric tons of carbon dioxide (CO2) at the hydrogen-production facility in Port Arthur, Texas.
A new plan proposed by the Environmental Protection Agency will cut carbon pollution from existing power plants 30 percent by the year 2030, helping to leave a safer, cleaner planet behind for future generations.
President Obama’s FY 2015 budget seeks $711.0 million for the Office of Fossil Energy (FE) to advance technologies related to the reliable, efficient, affordable and environmentally sound use of fossil fuels as well as manage the Strategic Petroleum Reserve and Northeast Home Heating oil Reserve to provide strategic and economic security against disruptions in U.S. oil supplies. The request includes $475.5 million for Fossil Energy Research and Development, $205.0 million for the Strategic Petroleum Reserve, $1.6 million for the Northeast Home Heating Oil Reserve and $19.95 million for the Naval Petroleum Reserves.
The Energy Department published a solicitation today, making up to $8 billion in loan guarantee authority available to support innovative advanced fossil energy projects that avoid, reduce, or sequester greenhouse gases