U.S. House to act on energy legislation next week

Posted on September 12, 2008. Filed under: Energy Policy, Solar, Wind |


According to press release issued by Rep. Ron Kind:

Among its provisions, the Comprehensive American Energy Security & Consumer Protection Act will:

– Invest in wind, solar, and natural gas through tax incentives and infrastructure development;
– Open up additional offshore areas for drilling;
– Release oil from the Strategic Petroleum Reserve;
– Require that 15 percent of America’s energy comes from renewable sources by 2020;
– End subsidies to the five largest oil companies; and
– Require oil companies to develop leases they already own or lose the opportunity.

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