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Obama's plan to fund clean cars with oil royalties faces tough test

2013-02-25 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

InsideClimate: With a couple of lines tucked into his State of the Union speech this month, President Obama pitched the tent for a three-ring circus starring advocates with competing agendas: controlling greenhouse gases, expanding fossil fuel development and conserving open spaces. The idea Obama proposed would siphon $2 billion from the swelling oil and gas royalties the government expects to collect over the next decade and devote it to federally sponsored clean-car research that has been starved for cash....

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