Green Options » bernie sanders http://greenoptions.com/tag/bernie-sanders Posts tagged 'bernie sanders' Thu, 08 May 2008 16:03:10 +0000 http://wordpress.org/?v=2.5.1 en Consumer-First Energy Act of 2008 Lacks Support http://redgreenandblue.org/2008/05/08/consumer-first-energy-act-of-2008-lacks-support/ http://redgreenandblue.org/2008/05/08/consumer-first-energy-act-of-2008-lacks-support/#comments Thu, 08 May 2008 16:03:10 +0000 Timothy B. Hurst http://redgreenandblue.org/2008/05/08/consumer-first-energy-act-of-2008-lacks-support/ dreamstime_capitol_night_506_195.jpgSix Democratic Senators joined together on Wednesday to announce a comprehensive energy bill that would tax windfall profits and “force” investment in renewable energy.

Among other things, the Consumer-First Energy Act of 2008 would roll back tax breaks for oil companies and invest the money in renewable energy development and energy efficiency technology. It also would create a windfall profit tax on oil companies failing to invest in increased capacity and renewable energy resources.

According to one of the bill’s co-sponsors, Sen. Bernie Sanders (Ind.-VT):

“The bottom line is that at a time when this country faces a major crisis in terms of the price of oil, when many working families in our state and all over this country are hurting, I think we have brought forth a comprehensive piece of legislation, which begins to attack that problem with the result of lowering the price of oil.”

Read more of this story »

]]> http://redgreenandblue.org/2008/05/08/consumer-first-energy-act-of-2008-lacks-support/feed/