US House passes $31.6-bil 2008 energy and water spending bill [View All]

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Source: Platts

US House passes $31.6-bil 2008 energy and water spending bill

Washington (Platts)--17Jul2007

The US House of Representatives on Tuesday passed a $31.6-billion 2008
energy and water spending bill by a 312-112 vote. The bill would provide a
significant increase in funding for solar energy, biofuels and other
clean-energy technologies, as well as $1 billion in funds for members'
priority projects.

The vote margin would be sufficient to withstand President Bush's
threatened veto of the measure, and any spending bill that significantly
exceeds his budget request.

The bill would provide the Department of Energy with $25.2 billion for
fiscal 2008, an increase of $1.1 billion over the current funding level and
$480 million more than DOE requested. Renewable energy programs would receive
$632 million more than the Bush administration request.

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DOE science programs would also see increased funding, especially
initiatives that use state-of-the-art "supercomputers" to model the effects of
global warming.

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Read more: http://www.platts.com/Oil/News/6400865.xml