Shikha Dalmia of the Reason Foundation writes in today’s NY Post:

President Obama hasn’t abandoned his jobs-killing global-warming agenda, just wrapped it in the rhetoric of “clean energy.” And that may be enough to get Republicans to sign on.
That “clean energy” is code for “anti-warming” is obvious, given that even Environmental Protection Agency numbers show that virtually all emissions have dropped dramatically in recent decades — except for greenhouse gases.
To cut those, Obama’s budget aims to hike Department of Energy spending by 12 percent from 2010 levels. He proposes $8 billion more for various clean-energy programs — on top of the $30 billion “invested” via the 2009 stimulus. Even that’s only the tip of the iceberg.
To pay for it all, Obama would stick it to Big Oil. He wants to eliminate $43 billion in oil-tax breaks over 10 years. That would be fine if he were aiming for a “level” energy market, with the government playing no favorites; in fact, he’s just looking to divert the subsidies to his favorites.
Despite his talk of promoting nuclear power, the president’s budget cuts support for it by 0.6 percent from 2010 levels. The big winners are — surprise! — solar (88 percent rise), biomass and biorefinery (57 percent), geothermal (136 percent) and wind (61 percent).
Obama is also doubling the budget of the Advanced Research Projects Agency to encourage R&D on renewables. That’s because progressives are suddenly convinced (thanks to “Where Good Technologies Come From,” a paper by the Breakthrough Institute) that the basic research for nearly every major technological invention — blockbuster pharmaceuticals, high-yield crops, the Internet — has been the result of government funding.

The rest here.