Clinton's $50 Billion Strategic Energy Fund

Hillary Clinton drew raucous applause from Silicon Valley executives yesterday, when she unveiled a nine-point "innovation agenda" that includes a $50 billion strategic energy fund. The fund would fuel research, development, and deployment of renewable energy, energy efficiency, clean coal technology, ethanol and other homegrown biofuels. The money would come from oil companies, either through investment in their own programs, or penalties that accumulate in a federal fund, according to a story in the June 1 San Francisco Chronicle.