Dec 27, 2006

Oil Money for Oil Conservation ? Really!

Haase Comment: With all the "big interests" lobbing for corn... I will be hard press to see this go any further than the press ;-(

After Jan 1st the new Congress members plan to establish a dedicated fund to promote renewable energy and conservation, using money from oil companies. "At least some of the money - revenue gained by rolling back some tax breaks - will go to a program to support research into making ethanol from sources other than corn."
 
"What we'll do is roll back the subsidies to Big Oil and use the resources to invest in a reserve for research in alternative energy," Pelosi, a California Democrat, recently told reporters. Click here to read full forbes article