Key Provisions in Energy Bill Just Passed by the House (Two of Three WV Reps Voted for It!!)
By Vivian Stockman
n
Provides $33.5 billion in energy tax credits and incentives over 10 years, about 80 percent to enhance energy production (read: to the oil, gas, coal and nuclear industries, that is out of every $10 spent, $8 goes to these poor, struggling industries who helped put Bush et al into office) and the rest for conservation, energy efficiency (which includes "clean" coal R and D) and environment.n
Directs oil and gas development of the Arctic National Wildlife Refuge in Alaska. (But, hey, trust Bush, the drilling won't harm the environment.)n
Expands research and development programs and tax incentives for clean coal technologies to assure continued use of coal by power plants. (Don't you wish all these Reps. had to live in the WV coalfields so they could live the wonders of "clean" coal everyday?)n
Orders a modest increase (less than one percent!) in fuel efficiency of sport utility vehicles, requiring that SUV gasoline use be reduced by 5 billion gallons over six years.n
Expands energy assistance programs to help low-income families pay for home-heating and cooling costs and weatherizing homes. (Gotta have some crumbs for the masses.)n
Provides tax credits for buying solar panels, fuel-efficient hybrid gas-electric cars, and ultra-energy efficient appliances and homes. (BUT heaven forbid those billions for "clean" coal Rand D were instead invested in coalfield jobs in manufacturing hydrogen fuel cells, solar panels and windmills.)n
Gives tax breaks to extend operation of nuclear power plants. (Hey, we're sure future generations will figure out some good use for that radioactive waste.)n
Requires a check of public lands for their potential for coal and renewable energy development, other than monuments, national parks or wilderness areas. (Read: places restrictions on federal ability to protect public lands, may override the endangered species act!)n
Waives government royalty payments for deep-water oil and gas projects in the Gulf of Mexico. (The Oil and gas industry really needs that $23 billion windfall, despite record profits. After all, CEO’s are expensive to keep.) !