Gov. Wolf’s budget to boost green energy on back of fossil fuels
Gov. Tom Wolf is looking to borrow money to inject millions of dollars in subsidies and grants into Pennsylvania’s renewable energy industry.
In his proposed $30 billion budget for the 2015-16 fiscal year, Wolf would fund several energy initiatives by issuing $675 million in bonds. He would pay the interest on the bond money with $55 million from a proposed severance tax on oil and gas drillers.