This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

President's Budget Slashes Funding For Cost-Effective, Bipartisan Clean Air Program

Diesel Emissions Reduction Act (DERA) Funding Cut 70 Percent

WASHINGTON, April 10, 2013 /PRNewswire-USNewswire/ -- The proposed 70 percent reduction in funding for the Diesel Emissions Reduction Act (DERA) in the Obama Administration's 2014 budget "will nearly decimate one of the nation's most successful clean air programs", according to Allen Schaeffer, Executive Director of the Diesel Technology Forum.

(Logo: http://photos.prnewswire.com/prnh/20120201/MM46474LOGO)

The 2014 budget proposal would reduce DERA funding from $20 million in FY 2013 to $6 million in 2014.  The landmark DERA grant program was originally authorized as part of the Energy Policy Act of 2005 to fund upgrades and modernize the oldest, higher-emitting diesel engines, complementing the stringent emissions standards EPA set for new diesel engines beginning in 2007.  The program has evolved to also include deployment of many fuel-saving technologies as well.  

"The DERA program has a consistent record of delivering very high environmental, fuel-saving and clean air value to large, small and disadvantaged communities throughout the nation for relatively small investments," Schaeffer said.  "EPA has estimated DERA has provided $13 in benefits for every $1 dollar invested.

"Ironically, just as state and local clean air officials develop plans to help meet President Obama's new and more stringent clean air standards, this proposed budget virtually eliminates a valuable and proven means of emissions reductions to many non-attainment areas.  DERA is also a program that supports local jobs in servicing and installing these systems and devices.

"At the same time proven clean air programs here in the U.S. are being slashed by 70 percent, the President is increasing direct funding to other countries for climate and clean energy programs by over 30 percent.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs