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White House Proposes $7.3 Trillion Energy Budget for 2025 Amid Congressional Challenges and Renewable Focus.

The White House has proposed a $7.3 trillion energy budget for 2025, which includes increasing renewable deployment and maintaining the country’s emergency oil stockpile. The proposal also includes reducing funding for some programs such as carbon capture research and the Advanced Research Projects Agency-Energy. The budget is unlikely to be implemented by a divided Congress, but shows the effects of the Inflation Reduction Act and 2021 bipartisan infrastructure law on administration planning. The plan also proposes slashing subsidies to the oil and gas industry, a perennial attempt by the Biden administration that has yet to make it past congressional appropriators.

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