Business leaders are calling on the federal government to boost energy research to address climate change and energy poverty worldwide.
Bill Gates and Jeffrey Immelt, along with other business leaders, have joined together to spur both the White House and Congress to do more on the energy research front.
For years, utilities have been faulted for spending a much smaller share of their profits on R&D than other vibrant sectors of the economy.
"The budget numbers over the last five years are a major failure of U.S. energy policy," the leaders said in the report, covered in a recent New York Times article.
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