Bush wants to introduce tax breaks mainly for conventional energy profiles

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The House of Representatives passed a bill aimed at introducing tax breaks to encourage oil production, natural gas, coal, nuclear energy, but also double the use of ethanol from corn.

The draft reform of the energy policy of the Bush administration was approved last Thursday by 249 183 votes against by the US House of Representatives. Blocked repeatedly in the Senate by Democrats, it will again be transmitted to the Senate.

The draft law provides tax breaks to encourage oil production, natural gas, coal, nuclear energy, and to double the use of corn-based ethanol as a gasoline additive. The US is the world's largest corn producer. It also provides the EXPLOITA
hydrocarbon deposits tation in a nature reserve of Alaska, whose Senate has already approved in principle last month during a budget debate. The bill grants a period of 9 years to end the use of tert-butyl methyl ether (MTBE in English), whose presence in water is carcinogenic, and awards two billion dollars allow producers to face possible prosecution.

US President George W. Bush welcomed the vote and said in a statement, "I hope the Senate will act quickly so that I can sign the law by August." "For more than a decade, our country has not had a clear, balanced and comprehensive energy strategy," he said.

Democratic opposition leader Nancy Pelosi said on Thursday that the reform was "anti-consumer, anti-contributory and anti-environment", considering it too costly and too favorable to industrialists.



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