US President Barack Obama has called for pumping $2bn
(£1.3bn) from gas and oil royalties over a decade into clean energy research.
In the first energy speech of his second term, Obama
made the case for an energy security trust while visiting a Chicago research
laboratory.
The president first proposed the idea in his State
of the Union address.
The White House says the trust would not increase
the US deficit because oil and gas revenues are projected to rise.
But creation of a trust, at $200m a year for 10
years, would still require congressional approval, at a time of sharp divides
over energy issues.
Argonne is known for its groundbreaking research
into advanced batteries used in electric cars.
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