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Event Calendar

World Biofuels Symposium
November 13-15, 2005
Beijing, China

2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels Association

National Biodiesel Conference & Expo 2006
February 5-8, 200
San Diego, California
National Biodiesel Board

11th Annual National Ethanol Conference: "Policy & Marketing"
February 20-22, 200
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association

22nd Annual International Fuel Ethanol Workshop & Expo
June 20-23, 200
Milwaukee, Wisconsin, USA

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Posted on  

February 1, 2001

Republicans to Seek Energy Tax Breaks, More Drilling

Senate Republicans said they'll introduce energy legislation next week that would allow oil and natural gas drilling on more U.S. land and give tax breaks for renewable and alternative energy.

The legislation incorporates President George W. Bush's push to open 1.5 million acres of Alaska's Arctic National Wildlife Refuge to oil exploration, said Republican Senator Frank Murkowski of Alaska, chairman of the Energy and Natural Resources Committee. Companies such as Exxon Mobil Corp., Chevron Corp. and BP Amoco Plc favor that plan.

A draft of the measure includes tax incentives for businesses and individuals to use solar and other forms of renewable energy, and calls for decreasing the U.S.'s dependence on imported oil by using some fees from leasing public land for energy exploration to pay for research into renewable fuels.

``This is a very comprehensive bill we've been working on for months and it's hard for me to believe there isn't something in it for everyone,'' Murkowski said.

The package comes as electricity shortages and rolling blackouts in California have prompted Democrats such as Senator Jeff Bingaman of New Mexico to say the Bush administration needs to do more to alleviate the crisis. Bush has named a task force to craft a broad energy policy and said California must find its own solutions.

Today a California state Senate panel approved a measure that allows the state to buy power for its cash-strapped utilities, PG&E; Corp. and Edison International, and to finance purchases by selling as much as $10 billion worth of bonds.


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