http://campaignsandelections.com/nh/releases/index.cfm?ID=716Strategic Energy Fund – Hillary has proposed a Strategic Energy Fund that would inject
$50 billion into research, development and deployment of renewable energy, energy efficiency, clean coal technology, ethanol and other homegrown biofuels, and more. Hillary’s proposal will create tens of thousands of jobs in America’s heartland by fueling a new clean energy industry while also reducing our dependence on foreign oil and addressing global warming
Senator Hillary Rodham Clinton Announces Legislation to Create “Strategic Energy Fund” to Invest in Clean Energy Technology
SNIP
The Strategic Energy Fund will:
• Invest in Renewable Energy. Move America towards the goal of producing 20 percent of electricity from renewable sources by 2020 by extending the production tax credit for generating electricity from wind and other renewable sources for 10 years.
• Transform America’s Vehicles. Put more efficient vehicles on the road by doubling the consumer tax breaks for hybrids, clean diesel, and other advanced vehicles, and creating a tax incentive for fleet owners to purchase more efficient vehicles.
• Accelerate Homegrown Biofuels. Speed the development of cellulosic ethanol by providing loan guarantees for the first billion gallons of commercial production capacity, and providing $1 billion for research.
• Speed Infrastructure Conversion. Increase availability of “E85” fuel pumps to 50 percent of gas stations by 2015 by providing gas station owners with a 50% tax credit for the cost of installing pumps.
• Unleash American Ingenuity. Accelerate energy research by creating a $9 billion “Advanced Research Projects Agency” for energy.
Senator Clinton also discussed renewable electricity, clean coal technology, and making better use of the strategic petroleum reserve to buffer the economy from oil price shocks.
http://clinton.senate.gov/news/statements/details.cfm?id=255988&&