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- Title
Energy bill signed, little impact seen on oil and gas use.
- Abstract
This article reports on the signing of an energy bill that includes a broad range of energy-related activities and research and development by U.S. President George W. Bush on August 8, 2005. The new law seeks to achieve its goals of diversified energy production and conservation mainly through the use of tax credits: $2.8 billion for investment in clean coal technology, $3.2 billion for renewable energy production, $2.6 billion for oil and gas production and $2.7 billion for conservation and energy efficiency. The law also requires the annual use of 7.5 billion gallons of ethanol, a corn derivative, by 2012. The law also authorizes more than $31 billion for basic science and applied energy technology research over three years--more than double what is currently authorized. The bill also creates an undersecretary of science in the Department of Energy.
- Subjects
UNITED States; LEGISLATIVE bills; ENERGY tax credits; ENERGY policy; ENERGY conservation laws; ENERGY consumption laws
- Publication
Issues in Science & Technology, 2005, Vol 22, Issue 1, p21
- ISSN
0748-5492
- Publication type
Article