60 Minutes’ of Epic Fail and the Real Energy Policy Debates CBS Missed

Matthew Stepp January 9, 2014
January 9, 2014

The 60 Minutes segment on the “Clean Energy Crash” ignores serious clean tech policy debates that are worth taking a deeper dive into. For starters, the United States is truly in the middle of a clean tech crash, just not the kind CBS is trying to advance. The U.S. clean energy innovation budget — the public investments in RD&D and smart deployment — has fallen 28 percent since the 2009-10 Stimulus Act. Federal clean energy research has dropped from $7.9 billion in 2010 to $5.6 billion today. Investments pegged for demonstration projects have dropped by an incredible 97 percent since the Stimulus. And many in Congress want to continue this trend with even deeper cuts.