Guest guest Posted May 24, 2006 Report Share Posted May 24, 2006 Hillary Clinton touts new energy plan Sen. Hillary Clinton (D-N.Y.) outlined a plan yesterday to cut U.S. oil imports in half by 2025. Along with urging increased conservation (gasp), she proposed a " Strategic Energy Fund " financed by a temporary two-year fee on major oil-company profits, elimination of some oil tax breaks, and closure of a loophole that allows oil companies to avoid royalty payments. The accrued $50 billion would go toward tax credits for energy-efficient vehicles and renewable energy; Clinton called for the U.S. to get 20 percent of its electricity from renewables by 2020. The fund would also provide incentives for installation of ethanol pumps in half of U.S. gas stations by 2015, sure to be popular in corn-happy, first-presidential-caucus Iowa. Beltway speculation has it that Clinton, the presumptive Democratic frontrunner for 2008, is getting a little nervous about all the attention Al Gore's getting for his climate-change advocacy, and wants a piece of the spotlight. But wait, Gore's not running, right? Uh ... right? straight to the source: Reuters, 23 May 2006 straight to the source: Bloomberg News Service, Roger Simon, 23 May 2006 straight to the source: The Mercury News, Associated Press, Devlin Barrett, 23 May 2006 What's gonna happen when the buses don't run and what's gonna happen when the, winter comes what are you gonna do, what are you gonna do when the oil runs out? Quote Link to comment Share on other sites More sharing options...
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