DeGette, Dems pass CLEAN Energy Act of 2007
Like their colleagues in the Colorado legislature, national Democrats are making renewable energy an early priority. Today's press release from Congresswoman Diana DeGette states:
"Today Congress took the first real step towards giving our nation a 21st Century energy policy," said DeGette. "For too long, the only type of energy plan Republicans advanced involved drilling in the Arctic or giving more handouts to Big Oil. This bill starts to correct those shortsighted policies by repealing taxpayer funded giveaways to oil companies and redirecting that money towards clean renewable energy."
The bill, the CLEAN Energy Act of 2007 (H.R. 6), takes important steps towards a smarter energy future by:
1. Repealing $14 billion in subsidies given to the largest oil companies and investing those funds in clean, renewable energy and energy efficiency.
2. Ensuring oil companies that were awarded the 1998 and 1999 leases for drilling pay their fair share in royalties.
3. Closing loopholes and ending giveaways for Big Oil in the tax code and in the 2005 Energy bill.
4. Creating a Strategic Renewable Energy Reserve to invest in clean, renewable energy resources and alternative fuels, promote new energy technologies, develop greater efficiency and improve energy conservation.
"Today Congress took the first real step towards giving our nation a 21st Century energy policy," said DeGette. "For too long, the only type of energy plan Republicans advanced involved drilling in the Arctic or giving more handouts to Big Oil. This bill starts to correct those shortsighted policies by repealing taxpayer funded giveaways to oil companies and redirecting that money towards clean renewable energy."
The bill, the CLEAN Energy Act of 2007 (H.R. 6), takes important steps towards a smarter energy future by:
1. Repealing $14 billion in subsidies given to the largest oil companies and investing those funds in clean, renewable energy and energy efficiency.
2. Ensuring oil companies that were awarded the 1998 and 1999 leases for drilling pay their fair share in royalties.
3. Closing loopholes and ending giveaways for Big Oil in the tax code and in the 2005 Energy bill.
4. Creating a Strategic Renewable Energy Reserve to invest in clean, renewable energy resources and alternative fuels, promote new energy technologies, develop greater efficiency and improve energy conservation.
Labels: 2007 USA legislative session, Diana DeGette, New Energy Economy
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