U.S. Rep. Adam Smith (D-Wash.) and a majority of his colleagues in the House of Representatives passed an energy package on Saturday that will make our nation more secure, create new American jobs, reduce energy costs to consumers, and fight global warming.
“We face serious security and environmental challenges that are tied to our dependence on oil and on foreign oil in particular. These bills will help protect the environment, promote alternative energy sources grown right here in the United States, and help end our dependence on foreign oil supplies,” Smith said.
H.R. 3221, the New Direction for Energy Independence, National Security, and Consumer Protection Act, passed by a vote of 241-172.
H.R. 2776, the Renewable Energy and Energy Conservation Tax Act of 2007, passed by a vote of 221 to 189.
Taken together, the bills approved by the House will:
- Help reduce our dependence on foreign oil;
- Make the largest investment in biofuels in history;
- Repeal $23 billion in tax subsidies and royalty relief provisions for big oil companies;
- Close loopholes that offer incentives for business to purchase gas-guzzling vehicles;
- Support cutting edge-research and the development of new energy technologies;
- Reduce emissions by as much as 10.4 billion tons through 2030 -- more than the annual emissions of all of the cars on the road in America today; and
- Call on the U.S. to re-engage and lead the global effort on a binding global warming agreement.