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Politics : Formerly About Advanced Micro Devices

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From: TimF	5/29/2007 7:22:50 PM
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Lawmakers Push for Big Subsidies for Coal Process nytimes.com "...Among the proposed inducements winding through House and Senate committees: loan guarantees for six to 10 major coal-to-liquid plants, each likely to cost at least $3 billion; a tax credit of 51 cents for every gallon of coal-based fuel sold through 2020; automatic subsidies if oil prices drop below $40 a barrel; and permission for the Air Force to sign 25-year contracts for almost a billion gallons a year of coal-based jet fuel..." "... Representative Rick Boucher, a Virginia Democrat whose district is dominated by coal mining, is writing key sections of the House energy bill. In the Senate, champions of coal-to-liquid fuels include Barack Obama, the Illinois Democrat, Jim Bunning of Kentucky and Larry Craig of Wyoming, both Republicans. President Bush has not weighed in on specific incentives, but he has often stressed the importance of coal as an alternative to foreign oil..." nytimes.com

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