House Set To Take 1st Action on Global Warming

From the National Wildlife Federation: The House vote on global warming is: • A vote for our quality of life today, and a vote to begin…meeting our moral responsibility to confront global warming…to protect our children’s future. • A vote to set a new, positive course for our nation’s future. • A vote for creating a new energy future that breaks our…addiction to oil and also opens the prospect to create a new…generation of American jobs. First 100 Hours As part of the new Democratic House of Representatives majority’s 100 Hours campaign, a vote is scheduled Thursday, January 18th on an energy bill to roll back oil industry subsidies and tax breaks and transfer those funds into a renewable and alternative energy fund. The oil industry dodging between $9 billion and $11 billion in royalty payments to the U.S. Treasury for offshore drilling in the Gulf because the statutes passed in 1998 and 1999 governing it mistakenly waived all royalty payments once oil hit a price floor of $35 a barrel. The top five U.S. oil producers alone were lavished with record-breaking net profits of $207 billion in the past two years. Up to $20 billion in give-aways to Big Oil are up for reconsideration in this legislation. NOAA This legislation will: • Fix a multi-billion dollar loophole that has allowed oil companies to enjoy royalty-free exploitation of the resources in public waters of the Gulf of Mexico. • Give taxpayers get a fair return from industry in terms of royalty payments on oil that today draws over $50 a barrel. • Repeal the tax breaks given to the oil industry in a 2004 tax bill to the tune of about $5 billion and roll back another $5 billion in special tax breaks designed to save oil companies money on amortization. Make your voice heard. Visit http://www.first100.org Elected officials in Washington need to catch up to the American people in understanding that global warming is a real and urgent threat that demands immediate action. The National Wildlife Federation's mission is to inspire Americans to protect wildlife for our children's future. • A consumer incentive fund would support rebates and tax breaks for such things as converting homes to solar or buying more fuel efficient vehicles • With direct incentives to save energy, Americans will enjoy even greater savings at the gas pump and on their electric bills. • As they take action to winterize their homes and purchase more fuel efficient cars, millions of Americans will spur greater demand for clean energy alternatives, creating thousands of new jobs and a collective national investment in confronting global warming. Consumer incentives for green energy: Instead of padding Big Oil’s profits, today Congress should lighten the burden on consumers’ pocketbooks. The major focus of the fund created by this legislation should be devoted to creating consumer-based incentives. By passing this bill Congress can send a powerful powerful meessssagee that our energy future should be influenced by all Americans who rightfully have a stake in the policies made in Washington. • An Associated Press-AOL poll conducted in December shows 70 percent of Americans think global warming get worse in 2007. • A national poll of America’s 40 million hunters and anglers conducted last year by Responsive Management found that 80 percent of sportsmen agree that the U.S. should be a world leader in addressing global warming. • A post-election Zogby International Poll of 19,000 adults found that 75 percent of Americans who voted in the mid-term elections say that “U.S. Congress should pass legislation promoting renewable and alternative energy sources as an effective way to reduce global warming pollution.” Vast potential exists to responsibly develop U.S.-based wind, solar, biomass and biofuels to provide renewable energy and begin to wean us off carbon-based energy tied to global warming. The American people increasingly agree that the surest path to combating global warming lies in steering the nation toward energy independence using cleaner, cheaper and safer forms of energy we can develop responsibly here at home. 21st Century Solutions to Global Warming Consumer-based incentives allows every American to be part of the sollutiion: Make your voice heard. Visit http://www.first100.org Elected officials in Washington need to catch up to the American people in understanding that global warming is a real and urgent threat that demands immediate action. The National Wildlife Federation's mission is to inspire Americans to protect wildlife for our children's future. • A consumer incentive fund would support rebates and tax breaks for such things as converting homes to solar or buying more fuel efficient vehicles • With direct incentives to save energy, Americans will enjoy even greater savings at the gas pump and on their electric bills. • As they take action to winterize their homes and purchase more fuel efficient cars, millions of Americans will spur greater demand for clean energy alternatives, creating thousands of new jobs and a collective national investment in confronting global warming. Consumer incentives for green energy: Instead of padding Big Oil’s profits, today Congress should lighten the burden on consumers’ pocketbooks. The major focus of the fund created by this legislation should be devoted to creating consumer-based incentives. By passing this bill Congress can send a powerful powerful meessssagee that our energy future should be influenced by all Americans who rightfully have a stake in the policies made in Washington. Contact: Ben McNitt, NWF, mcnitt@nwf.org, 202-797-6855