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Chevron
Alert
The Green
Chamber of Commerce believes that Chevron should be required
to comply with AB 32, which requires reduction of greenhouse
gases to 1990 levels by 2020. Chevron's Energy and Hydrogen
Renewal project would not only fail to do that but would result
in huge increases in greenhouse gas emissions.
Our Chamber believes that the business community
must take the lead in the battle against global warming and
the conservation of natural resources, and that businesses
must operate in a socially responsible manner. Clearly Chevron's
current plan for growing operations in the City of Richmond
does none of these things.
More
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New Energy Bill Closes Tax Loopholes, Boosts Alternative Energy
By Bob Schildgen
Glaring problems in the new national energy law will be fixed
if the U.S. House of Representatives gets its way.
Unfortunately, the Energy Independence and Security Act signed
last December by President George Bush retained $21 billion
in tax breaks for oil companies and failed to include tax credits
for alternative energy such as solar and wind, which are set
to expire at the end of 2008.
The House had proposed removing the tax break for oil companies,
but it was killed in the Senate before the bill was sent to
Bush.
On February 28, the House passed a bill (HR
5351), which proposes stripping oil companies of $18 billion
in tax breaks and in their place calls for renewal of tax breaks
on purchases of alternative energy or energy efficient equipment
such as solar, wind, and other sustainable energy sources.
It's now time for green business advocates to pressure the
Senate approve this legislation, instead of watching the Senate
give in to the oil industry business like it did in the last
go-round.
Some legislators, pretending to have consumers interests at
heart, claim that eliminating the tax breaks will be a hardship,
because the oil companies will pass along their extra costs
to consumers. Instead of crying crocodile tears, they should
calm down and do the math. Since we buy more than 300 billion
gallons of oil a year, the extra costs would only be about
6 cents a gallon, and the $18 billion is not a dire threat
to oil companies: Exxon alone make a $39 billion profit last
year!
Contact your Senator today and urge them to support this important
legislation!
To find the contact information for
your Senators, go to: http://www.senate.gov |
