DPC REPORTS
FACT SHEET | December 6, 2007
Ten Reasons to Support the Democratic Energy Bill
The Bush-Cheney energy
policy has delivered higher energy prices for the American people, record
profits for the major oil companies, and increased energy dependence on the
1. Promotes
our energy independence. Today, the
2. Averts
the emission of greenhouse gases. Our national and environmental security are at risk due to global warming. The
Bush-Cheney Administration has failed to provide global leadership on climate
change and since 2001 emissions of greenhouse gases in the
3. Improves
fuel economy standards for cars, trucks, and SUVs. Since 1975,
Congress has not mandated an increase in fuel economy standards for passenger
cars. H.R. 6 will require the
National Highway Traffic Safety Administration to annually increase the average
fleet fuel economy standards for cars and light trucks to 35 miles per gallon
by 2020. The new fuel economy standards are estimated to save 1.1 million
barrels of oil per day, remove 192 million metric tons of greenhouse gases from
the air annually, and save American consumers more than $22 billion each year
by 2020. Additionally, for the years 2021-2030, car and light truck fuel
economy standards will increase at the maximum feasible rate. These
increases will help to ensure that
4. Makes
historic investments in biofuels. The
development and expansion of biofuels can help
address
5. Enacts
the most important energy efficiency increases in American history.
Conservation and efficiency measures provide some of the most practical and
cost efficient ways to promote our national independence and lower energy
prices for consumers. H.R. 6
will provide the most important energy efficiency increases in American history
by enacting national efficiency standards for light bulbs. By
approximately 2015, the new lighting standards alone are expected to save 65
billion kilowatt hours of electricity savings. That is the equivalent to
the output of about 24 new coal power plants at 500 megawatts each. In
comparison, the new lighting standard is expected to produce savings nearly as
large as the combined savings from all federal appliance standards adopted
between 1987 and 2000. In the near-term, consumer savings from the new
lighting standard are expected to save American consumers $6 billion per year
and reduce carbon emissions by approximately 13 million metric tons per year.
6. Spurs
the growth of solar, wind, biomass and geothermal energy. The
promotion and development of renewable energy resources like solar, wind, and
geothermal energy has the opportunity to not only reduce the emissions of
greenhouse gases but also expand the economy and create high-paying jobs across
the country. H.R. 6 takes the
important step of promoting the growth of solar, wind, and geothermal energy by
mandating that most utilities produce 15 percent of their power wind, solar,
and geothermal energy by 2020. The new renewable portfolio standard will
reduce carbon emissions from power plants by 126 million metric tons, reduce
American consumers electricity and natural gas bills
between $13 and $18 billion by 2020, and increase our nation’s use of renewable
electricity by 91,000 megawatts by 2020.
7. Supports
the expansion of green jobs. H.R.
6 will give our nation’s economy the incentives it needs to help stimulate
the creation of green jobs in every corner of the country. A major
national investment in renewable energy could create three million “green
collar” jobs. For every megawatt of solar photovoltaic electricity
produced, about 22 jobs are created. Geothermal energy creates 10.5 jobs
per megawatt, and wind energy creates 6.4 jobs per megawatt.
8. Promotes
advanced vehicle technologies. The next generation
of vehicles, like plug-in hybrid electric vehicles, have the ability to
transform
9. Invests
in carbon capture technology. As the challenge of climate change becomes
more acute, develop new clean technologies. H.R. 6 invests in the technologies needed to capture a large
portion of carbon dioxide emissions before they are released into the
atmosphere. The development of carbon capture technology, in conjunction
with the regulation of carbon dioxide emissions, has the promise of making
significant difference in the reduction of greenhouse gas emissions.
10. Repeals
taxpayer subsidies for big oil. Under the Bush-Cheney energy policy,
big oil companies earned approximately $500 billion in profits. H.R. 6 would repeal tax breaks for big
oil companies that the companies have admitted are unnecessary. H.R. 6 will reinvest those tax breaks
into tax incentives that will protect our environment, create jobs, and strengthen
our national security.
DPC
CONTACTS
DPC
- Ryan Mulvenon (224-3232)
PRESS
- Barry Piatt (224-0577)
- Communications Director
- Kati Card (224-1450)
- Press Assistant