Feds renew DOE loan program to help fossil fuel companies address emissions

09/23/2013 | New York Times (tiered subscription model), The

The Department of Energy loan guarantee program is being revived, making as much $8 billion available to help oil and coal companies curb emissions. The subsidy program, which came under fire for losing millions on failed green-energy projects, is necessary to encourage fossil fuel companies to pursue expensive and unproven technologies, officials said. The announcement coincides with the release of tightened emission standards for new coal plants.

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