How Will “Sequestration” Impact the Energy Sector?

Sequestration’s $85 billion automatic spending cuts began going into effect on Friday, but the timeline and full extent of the cut’s impacts are still somewhat vague. So what’s at stake for energy and environmental programs and the energy industry at large? Here’s what major department leaders have said about the likely effects of sequestration: In a letter to the Appropriations Committee, outgoing energy secretary Steven Chu  highlighted a concern  with the structure of the $2.4 billion in DOE budget cuts, explaining that “The effects of sequestration are particularly damaging because, by law, they apply equally to each program, project, and… [more]