President Barack Obama's plans to raise $31.4 billion over the next decade by ending tax breaks for the oil and natural gas sector to fund investment in green energy could actually serve to penalize the green energy's biggest investors. According to data from a University of Texas report commissioned by the American Petroleum Institute, between 2000 and 2008 US oil and natural gas companies collectively invested $58.4 billion in research and development of technologies to mitigate greenhouse gas emissions.
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