Trump 2019 budget: Reduce offshore, increase fossil fuel spending

Trump cuts offshore spending, making more cash available for US oil and gas projects.  Trump has cut government spending on offshore renewable projects in the proposed 2019 budget for the Bureau of Ocean Energy Management (BOEM). The 2019 fiscal year budget makes a total of $179.3m available, falling from its 2018 total of $23.7m to $20.7m. Spending on conventional energy projects is meanwhile poised to increase from $58.5m to $61.7m and an additional $12.2m will be set aside for the 2019-2024 National OCS Oil and Gas leasing program, BOEM said.

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