Ahead of the Bell: Whole Foods Slides
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Congressman Devin Nunes (R-Tulare) introduced a bi-partisan bill last week, titled the American-Made Energy Freedom Act. This bill represents a comprehensive national energy policy that addresses America’s growing energy needs and our current dependence of foreign sources of energy. “Congress has a responsibility to deal with our nation’s energy demands in a bi-partisan manner that benefits all Americans. As such, we have proposed the largest investment in alternative energies in the history of the United States, and most importantly, it can all be done at no expense to the taxpayer,” said Rep. Nunes. According to Rep. Nunes, the American-Made Energy Freedom Act would take a unique approach to funding alternative energy development. By opening up the Arctic National Wildlife Refuge (ANWR) to oil exploration, and placing the lease and royalty revenues generated into a trust fund, the next generation of home-grown energy would be incubated. All monies placed in the American-Made Energy Trust Fund can only be used for the development of new home-grown technologies that will fuel America in the future. Specifically, the fund would support the following provisions: Cellulosic Ethanol Tax Credit Cellulosic Ethanol, the next generation ethanol, is a renewable fuel produced from plants and agriculture waste […]
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WASHINGTON (AP) — Coal-burning utilities are passing the hat for one of the few remaining scientists skeptical of the global warming harm caused by industries that burn fossil fuels. Pat Michaels — Virginia’s state climatologist, a University of Virginia professor and senior fellow at the libertarian Cato Institute — told Western business leaders last year that he was running out of money for his analyses of other scientists’ global warming research. So last week, a Colorado utility organized a collection campaign to help him out, raising at least $150,000 in donations and pledges. The Intermountain Rural Electric Association of Sedalia, Colo., gave Michaels $100,000 and started the fund-raising drive, said Stanley Lewandowski, IREA’s general manager. He said one company planned to give $50,000 and a third plans to give Michaels money next year. ”We cannot allow the discussion to be monopolized by the alarmists,” Lewandowski wrote in a July 17 letter to 50 other utilities. He also called on other electric cooperatives to launch a counterattack on ”alarmist” scientists and specifically Al Gore’s movie ”An Inconvenient Truth.” Michaels and Lewandowski are open about the money and see no problem with it. Some top scientists and environmental advocates call it a […]
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