Obama to Press Congress for $2 Billion Clean-Energy Fund
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President Barack Obama urged Congress to create a $2 billion clean-energy research fund with fees paid by oil and gas producers to help lower U.S. dependence on oil.
Speaking in front of a display of high-efficiency automobiles at the Argonne National Laboratory in Lemont, Illinois, Obama said the U.S. risks falling behind countries such as China, Germany and Japan that are increasing spending to find ways to cut energy use and explore alternatives to fossil fuels.