Weakened Energy Bill Passes Senate After Lobbies Block Alternative Energy Requirements
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Alternative Energy, Climate Change, Democratic Congress, Energy Independence, Energy Reform, Foreign Oil, Global Warming, Lobbyists, Nancy Pelosi, Oil Lobby, Oil Subsidies, Pelosi Energy Policy,
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NY Times:
ared-down energy legislation cleared the Senate on Thursday by a wide margin after the oil industry and utilities succeeded in stripping out provisions that would have cost them billions of dollars.
The legislation still contains a landmark increase in fuel-economy standards for vehicles and a huge boost for alternative fuels. But a $13 billion tax increase on oil companies and a requirement that utilities nationwide produce 15 percent of their electricity from renewable sources were left on the floor to secure Republican votes for the package.
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First Posted: 12-14-07 10:22 AM | Updated: 03-28-08 02:45 AM