Reply #41: Can't forget Bunning either and Coal to Liquid [View All]

WASHINGTON, D.C. -- U.S. Senators Jim Bunning (R-KY) and Barack Obama (D-IL) today announced that they have introduced S.3325, the "Coal-To-Liquid Fuel Promotion Act of 2006." Joining this bipartisan legislation as original co-sponsors are Senators Conrad Burns (R-MT); Richard Lugar (R-IN); Mark Pryor (D-AR); and Lisa Murkowski (R-AK). This comprehensive piece of legislation creates tax incentives for coal-to-liquids (CTL) technology and the construction of CTL plants. If passed, this legislation will help create the infrastructure needed to make CTL a viable energy resource throughout America.

The coal industry praises Obama's reintroduction, with Sen. Jim Bunning (R-Ky.), of the Coal-to-Liquid Fuel Promotion Act of 2007 last week, which would provide incentives for research and plant construction. The industry says the technology, which converts coal into diesel engine fuel, would reduce America's dependence on foreign oil through a new, home-mined fuel that burns as cleanly as gasoline.