Energy Projects Lag In Stimulus Spending
OPS_admin | Sep 12, 2009 | Comments 0
President Obama has pledged to transform the nation’s energy policy and has made renewable energy a cornerstone of the $787 billion stimulus package, but so far the money for energy-related projects has been slow to leave Washington.
In February, Obama made a point of signing the stimulus package at the Denver Museum of Nature & Science, where he inspected its rooftop solar energy system and was introduced by the president of the company that installed the panels. Seven months later, the Energy Department is among the agencies with the slowest pace of stimulus spending.
Although energy officials have approved billions of dollars worth of stimulus proposals, the department’s records show that only a fraction of those funds have been disbursed — less than two percent of the total $36.7 billion in funds authorized to the department. By contrast, the Agriculture Department has spent about 15 percent of its stimulus funds and the Commerce Department about seven percent.
Matt Rogers, the senior advisor to Energy Secretary Steven Chu for the Recovery Act, said his agency has moved as quickly as possible while making sure the money is going to high-quality projects. “We are making very good progress,” he said. “Every week we continue to move more money out the door.”
Full Story: Energy Projects Lag In Stimulus Spending.
Filed Under: Energy
Comments (0)
-
Who will you vote for this year: Big Oil, Big Casinos, or Wall Street?
Billionaire hedge fund manager - and primary contributor to Rick Santorum's Red, White, and Blue SuperPAC - Foster Friess let the truth slip out about politics in this post-Citizens United age during an interview with Politico. Friess was among several billionaires who attended the Koch brothers secret meeting last month where over a hundred million dollars was pledged to beat President Obama.Trying to get other oligarchs on the side of Rick Santorum - Friess said, "There isn't a person at the Koch brothers events who would not get a good return on their investment by investing in [Santorum] as president, because of what they believe about the free enterprise system." The key word there: investment. These aren't campaign contributions - these are investments that millionaires and billionaires are making to keep their tax breaks, their subsidies, and their lax regulations in place.We no longer have actual people running for President - we have a few very, very rich people like Friess and the Kochs investing in stooges to do their bidding - and hoping to see major returns in their bank accounts. So who will you vote for this year? Big Oil, Big Casinos, or Wall Street?-Thom(Who will you vote for this year? Tell us here.) -
LEGALIZE Democracy
" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
MOVE to AMEND
a project of the CAMPAIGN TO LEGALIZE Democracy
Help end Corporate personhood
-
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
