Here's the George's trip to China.
In his State of Union message next month he announces the following deal:
Congress will approve drilling for oil and gas in the Alaska Wildlife Refuge. But, the legislation authorizing oil company exploitation of this precious and irreplaceable national asset comes with conditions: :
Terms and Condition's
1) 70% of profits (as determined by independent audits) that oil companies make off ANWR oil must be reinvested into a ten years of research and development of renewable energy products to replace their oil fuel products.
2) The federal government will match every dollar in oil profits oil companies reinvest in this ten year transition, including but not limited to their ANWR oil profits. Oil companies will be required to use this federal money to help finance the restructing of their existing energy delivery and distribution infrastructure to accommodate new energy products, such as hydrogen refueling service stations for autos and trucks and grid-interconnected solar for residential and industrial electric generation, storage and delivery.
Full Artcile
No comments:
Post a Comment