Friday, November 07, 2008

US Energy plans

Here's a general list of Obama's energy platform, courtesy of Robert Rapier a good source for expertise these issues. The initiatives on "clean" coal and ethanol will raise hackles. Canadians should take note of the "low-carbon fuel standard". If such a standard is implemented, it would affect importation of oil from extracted carbon-intensive oil sands. And that's one reason the Canadian Government has been quick to call for cooperation on a joint North American climate change strategy. [UPDATE: Surprise, the Globe and Mail is reporting that the oil sands is in fact the main reason for Canada's quick call for cooperation]

The list is after the bump:

Provide Short-term Relief to American Families

• Enact a Windfall Profits Tax to Provide a $1,000 Emergency Energy Rebate to American Families.
• Crack Down on Excessive Energy Speculation.
• Swap Oil from the Strategic Petroleum Reserve to Cut Prices.

Eliminate Our Current Imports from the Middle East and Venezuela within 10 Years

• Increase Fuel Economy Standards.
• Get 1 Million Plug-In Hybrid Cars on the Road by 2015.
• Create a New $7,000 Tax Credit for Purchasing Advanced Vehicles.
• Establish a National Low Carbon Fuel Standard.
• A “Use it or Lose It” Approach to Existing Oil and Gas Leases.
• Promote the Responsible Domestic Production of Oil and Natural Gas.

Create Millions of New Green Jobs

• Ensure 10 percent of Our Electricity Comes from Renewable Sources by 2012, and 25 percent by 2025.
• Deploy the Cheapest, Cleanest, Fastest Energy Source – Energy Efficiency.
• Weatherize One Million Homes Annually.
• Develop and Deploy Clean Coal Technology.
• Prioritize the Construction of the Alaska Natural Gas Pipeline.

Reduce our Greenhouse Gas Emissions 80 Percent by 2050

• Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050.
• Make the U.S. a Leader on Climate Change.

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