ANWR Drilling Royalties to Fund Renewable Energy?

[jpak]

http://www.renewableenergyaccess.com/rea/news/story?id=45577

Last week, Congressman Devin Nunes (R-Tulare, CA) introduced a bipartisan Bill titled the American-Made Energy Freedom Act, which takes 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 homegrown energy would be incubated, says the Congressman.
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"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."

-- Rep. Devin Nunes (R-Tulare, CA)

All monies placed in the American-Made Energy Trust Fund can only be used for the development of new homegrown technologies that will fuel America in the future. The Bill, of course, will have to compete with a flurry of energy legislation put forward by Congress this summer.

"Congress has a responsibility to deal with our nation's energy demands in a bipartisan 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.

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[Ian David]

1. That's very funny, because the ANWR project will likely LOSE money

It's just a pork project for Alaska.

They get paid to explore for oil, and then they get paid to clean-up the mess.

[jpak]

3. And most of the royalties will probably go to coal-to-diesel subsidies

Typical GOP nonsense...

[Nickster]

2. Hmmm, sounds kinda like he's saying "Lockbox". So we destroy ANWR

and then put money into a Trust that gets ravaged like the Soc Sec Trust fund?

[Ready4Change]

4. F*** that.

Take the money we'd pay (Oh yes we taxpayers would pay for it) for that drilling and put it directly into renewables. Cut out the lying, cheating, stealing middleman.

Safer for us all to keep that carbon under the ground. The age of Oil is over. Time to move along.