President Obama’s budget released Monday includes a new $4 billion fund to help states comply with draft Environmental Protection Agency regulations cutting carbon emissions from U.S. power plants. Photo: Luke Sharrett/Bloomberg News WASHINGTON—President Barack Obama ’s fiscal 2016 budget plan would pour billions of dollars into climate-change and renewable-energy technologies, and repeal nearly $50 billion in tax breaks from the oil, natural-gas and coal industries. The budget proposal, released Monday, underscores an intensifying push by Mr. Obama on his climate agenda, which he hopes to cement as a presidential legacy in his final two years in office. While many of Mr. Obama’s energy and environmental plans have been included in prior year proposals, the 2016 proposal includes a new $4 billion fund, dubbed the Clean Power State Initiative Fund, to help states comply with draft Environmental Protection Agency regulations cutting carbon emissions from U.S. power plants. The fund, […]