CNN Story
It's better than nothing, but raising CAFE standards or gas pump prices would be more serious. Don't really object to anything in the bill.
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Originally Posted by CNN Article
The broad legislation includes measures to spur construction of new nuclear power plants, promote ways to reduce pollution from coal and provides a boon to farmers by requiring refiners to double the use of corn-based ethanol in gasoline to 7.5 billion gallons a year by 2012.
It also would:
- Provide subsidies and tax breaks for wind, geothermal and solar industries.
- Require new efficiency standards for commercial appliances from air conditioners to refrigerators.
- Extend daylight saving time by a four weeks to save energy.
- Require utilities to meet federal reliability standards for the electric transmission grid, hoping to avoid future blackouts such as struck in the summer of 2003.
- Eases the way for more imports of liquefied natural gas by giving federal regulators final say over import terminals.
- Provides loan guarantees and other subsidies for clean energy technologies and new nuclear reactors. It would authorize a $1.8 billion program to promote clean coal technologies.
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