Hillary calls for Big Oil to fund a cleaner energy future
Sen. Hillary Clinton (D-N.Y.) says the oil industry should pony up for a multibillion-dollar "Strategic Energy Fund" that would invest in clean-energy technologies and help folks struggling with spiking heating costs. At the Cleantech Venture Forum in D.C. yesterday, Clinton called for Big Oil to pay an "alternative energy development fee" to help "reinvest" its record-breaking profits, but stressed, "It's not about new energy taxes on consumers." (God no, not new taxes!) She said the money would underwrite wind and solar projects, development of new technologies, and a major push for more efficient use of fossil fuels. The idea will likely face a tough reception in the Republican-controlled Congress, where a recently passed House bill hands oil companies financial incentives to build new refineries. If nothing else, Clinton's speech suggested that energy will be a major theme in the 2008 presidential campaign -- not that she's running, mind you (wink wink).
source: Newsday, Associated Press, Devlin Barrett, 25 Oct 2005
source: CNET News.com, Martin LaMonica, 25 Oct 2005
see also, in Gristmill: Hillary and her fund,
Obama headed to Copenhagen, sets the bar for success
‘Copenhagen Diagnosis’ offers a grim update to the IPCC’s climate science
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