FY2008 Fossil Budget Request One of Largest Since Taking Office February 5, 2007 -- WASHINGTON, DC - President Bush's FY2008 budget seeks a 33 percent increase for the Office of Fossil Energy over last year's request to support improved energy security and rapid development of climate-oriented technology. It totals $863 million and completes a promise to invest $2 billion in coal technologies three years early.
One of the President's largest Fossil Energy budgets, the new proposal emphasizes early initiation of an expansion of the Strategic Petroleum Reserve; accelerating the development of technologies to manage and virtually eliminate emissions of the greenhouse gas carbon dioxide from fossil fuel use in power generation and other industrial activity; and moving forward with the design and early work on the FutureGen project to combine in one plant the production of electric power and hydrogen fuel from coal with near-zero atmospheric emissions.
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