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American Power Act (PHOTOS): The Key Points

Huffington Post     First Posted: 05/12/10 02:39 PM ET   Updated: 05/25/11 05:25 PM ET

John Kerry and Joe Lieberman are rolling out the much-anticipated details of their climate bill, now called the American Power Act, this afternoon. Here's a rundown of some of the key details outlined in the act, which emerged earlier today. The bill addresses everything from clean vehicles and nuclear power to greenhouse gas emissions and manufacturing-- what do you think is the most worthwhile investment for America?

Offshore Drilling
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States would be allowed to opt out of offshore drilling up to 75 miles from their coast. Currently, drilling can occur three miles off the shore. It also allows neighboring states to veto offshore drilling plans if it could have potential negative impacts on them.

In a reversal of current policy, states that do allow offshore drilling will receive 37.5 percent of revenues "to help protect their coastlines and coastal ecosystems." An additional 12.5 percent is allocated for federal and state programs under the Land and Water Conservation Fund.
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