Tags: romney | energy | plan | green

Romney Energy Plan Focuses on Research, Not on Grants for 'Green' Sources

Friday, 24 Aug 2012 12:11 PM

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Republican presidential nominee Mitt Romney’s energy policy will focus more on research and development as opposed to President Barack Obama’s policy of doling out grants, loan guarantees and tax incentives for politically popular clean energy projects that would likely happen without government intervention, Science.com reported.

Romney’s energy policy blueprint released Thursday endorses the expansion of the production and use of fossil fuels such as oil and natural gas.

"Government has a role to play in innovation in the energy industry,” the report says, according to Science.com. "History shows that the United States has moved forward in astonishing ways thanks to national investment in basic research and advanced technology."

But government support for wind and solar power companies are examples of wasting public dollars and the federal government “should not be in the business of steering investment toward particular politically favored approaches,” the report says.

Romney said in his plan that instead of spending on "loan guarantees, cash grants, and tax incentives for projects that might have gone forward anyway," he would "redirect clean energy spending towards basic research. Government funding should be focused on research and development of new energy technologies and on initial demonstration projects that establish the feasibility of discoveries," Science.com reported.

Romney’s 14-page document also attacks the Obama administration for backing the reduction of greenhouse gas emissions without taking into account the economic impact.

Rep. Doc Hastings of West Virginia, chair of the Committee on Natural Resources, told Science.com in a statement that the plan presented "a comprehensive vision … Romney understands robust, all-of-the-above energy production will lead to a new job creation, stronger American manufacturing and less dependence on unstable foreign countries for energy."



© 2014 Newsmax. All rights reserved.

Share:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Ring Leader of Bell, Calif. Corruption Scheme Gets 12 Years

Thursday, 17 Apr 2014 10:03 AM

The former city manager of Bell, California, who ran a public corruption scheme that bilked the blue-collar community ou . . .

Ohio Out-of-State Gay Marriage Ban in Effect During Appeal

Thursday, 17 Apr 2014 09:57 AM

Ohio's ban on recognizing same-sex marriages from other states will stay in effect until its constitutionality is resolv . . .

GOP Eyes a Sebelius Candidacy to Boosts Its Coffers

Thursday, 17 Apr 2014 06:49 AM

The GOP would relish the chance to exploit a candidacy by outgoing Health and Human Services Secretary Kathleen Sebelius . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved