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House may get fuel bill today

WASHINGTON -- House Speaker Nancy Pelosi prepared Tuesday to bring a massive energy bill, with several provisions that the White House has warned could draw a veto from President George W. Bush, to the House floor as early as today, according to the Detroit Free Press.

Pelosi's office said Tuesday that the bill would include $21 billion in repeals of tax breaks for oil and gas companies, as well as standards requiring public power utilities to generate 15% of their energy from renewable sources by 2020. Republicans and several business groups oppose both clauses and could block the bill in the Senate. Democrats are expected to pass the bill in the House, thanks to the deal on fuel economy standards setting a new target of 35 m.p.g. by 2020.

Posted by Peter C. T. Elsworth  at 11:05 AM to Fuel economy | Permalink

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