Saturday, August 4, 2007

U.S. House Approves Pelosi's $16 Billion Plan to Boost Renewable Energy

(Bloomberg) -- The U.S. House approved a $16 billion
tax plan and a renewable electricity mandate in broad energy
legislation that shifts the government's focus to wind, solar and
biomass production at the expense of traditional energy sources.

Passage of the so-called energy independence legislation is
a big victory for Speaker Nancy Pelosi, as Congress departs
Washington for a monthlong break. It sets up a meeting with
Senate lawmakers as soon as next month to craft a bill to send to
President George W. Bush.


Read more at Bloomberg Energy News

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