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A field of solar panels in Germany. Photo: Lukas Schulze / Getty Images

The newly-released Capitol Hill government spending plan rejects the White House's push to sharply cut renewable energy R&D and kill an Energy Department program that seeds breakthrough technology innovation.

Why it matters: There's little GOP appetite on Capitol Hill for the White House's energy spending agenda, even as Republicans largely support the Trump administration's efforts to unwind regulations and expand fossil fuel development.

A few numbers: The sweeping fiscal year 2018 spending plan would . . .

  • Provide over $2.3 billion for DOE's Office of Energy Efficiency and Renewable Energy, an increase over current levels that rejects the White House's proposal to cut funding by two-thirds.
  • Provide $353 million for DOE's Advanced Research Projects Agency — a roughly $48 million boost that bats aside the White House effort to end the program that's popular on both sides of the aisle.
  • Increase funding for DOE's fossil energy arm to roughly $727 million, in contrast to the White House request for a cut in its fiscal year 2018 request. The Office of Fossil Energy includes work to develop low-carbon coal tech.
  • DOE's Office of Science would see an $868 million boost to $6.26 billion, per Science Magazine — instead of the 15% cut the White House wanted.

Our thought bubble: While the White House budget plan is always DOA, it nonetheless helps to set parameters around decisions. So that's one reason — though hardly the only one — that advocates for a huge increase in clean tech R&D spending won't have traction anytime soon.

Go deeper: This Washington Examiner piece looks at EPA funding and the bill's mandate for another round of sales from the Strategic Petroleum Reserve.

Go way deeper: You can read the whole 2,232 page, $1.3 trillion federal spending bill here.

Editor's note: This story has been corrected to compare the omnibus to the White House's FY 2018 proposal and not FY 2019 proposal.

Go deeper

Battle for the soul of a new web

Illustration: Aïda Amer/Axios

A well-funded and intensely motivated chunk of tech's hive mind is finding common cause in a vast new project: rebuilding the web on a foundation of cryptocurrency and blockchain tech. They call it "Web3."

The big picture: Developers, investors and early adopters imagine a future in which the technologies that enable Bitcoin and Ethereum will break up the concentrated power today's tech giants wield and usher in a golden age of individual empowerment and entrepreneurial freedom.

First look: Biden summons top CEOs on supply chain

Photo: Alex Wong/Getty Images

President Biden will meet Monday afternoon with CEOs of big retailers, grocers and consumer-products firms to send this message, according to the White House: Products will be on shelves for holiday shopping.

Zoom out: Black Friday sales rebounded from 2020.

Thanksgiving box office shows theaters have long road to recovery

Photo of Disney's "Encanto;" Credit: Disney

Box office ticket sales over the Thanksgiving holiday show that consumer confidence in moviegoing is slowly improving, but not enough to bring the struggling theater industry back to pre-pandemic levels anytime soon, if ever.

Why it matters: "We may have to temper expectations a bit" for next year, said Comscore senior media analyst Paul Dergarabedian.