November 15, 2003
Republicans Agree on a Sweeping Energy Bill
The measure includes billions in tax breaks for fuel production and for conservation but drops Bush's arctic drilling proposal. A Senate fight is promised.
By Richard Simon, Times Staff Writer
WASHINGTON — Congressional Republican negotiators agreed Friday on the first overhaul of national energy policy in more than a decade, bringing President Bush closer to a victory on a top priority heading into the 2004 presidential campaign.
The agreement bears the fruit of a nearly three-year effort launched by Bush during the California energy crisis to produce comprehensive energy legislation. The approximately 1,700-page measure, written behind closed doors, includes a number of the recommendations made by the 2001 White House energy task force headed by Vice President Dick Cheney.
Among the bill's major provisions are tax breaks worth between $16 billion and $20 billion to promote domestic production of oil, natural gas, coal and nuclear energy and encourage energy conservation and development of alternative sources such as wind power.
The bill drops President Bush's proposal to open Alaska's Arctic National Wildlife Refuge for drilling. (snip/...)
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