Inter Press Service: President Barack Obama on Friday unveiled a broad new proposal to step up U.S. research into renewable energy technologies, particularly in transportation, which is responsible for around 70 percent of the United States' oil use.
The initiative, which the president is calling the Energy Security Trust, would receive around two billion dollars over the next decade, funded through proceeds from oil-and-gas drilling in U.S. coastal waters.The United States is playing catch-up to countries like Japan,...