Apollo Creed
New Apollo Energy Act contrasts sharply with “Jurassic” GOP energy bill
- By U.S. Congressman Jay Inslee
On April 21, Congress stepped back in geologic time when the House of Representatives passed an energy policy of the dinosaurs, by the dinosaurs, and for the dinosaurs. This energy bill is truly a “Jurassic” piece of legislation that relies on a limited energy source derived from creatures and plants that died millions of years ago. In fact, 93 percent of the $8 billion in tax incentives in the bill go to oil, gas, and other traditional energy industries.
A patriotic sight.
Photo: Tennessee Valley Infrastructure Group Inc. c/o NREL.
Shortly before the House debate, one national leader said, “I will tell you with $55 oil we don’t need incentives to oil and gas companies to explore. … What we need is to put a strategy in place that will help this country over time become less dependent.” Incredibly, that leader was President George W. Bush. Even the president with the worst environmental record since Warren G. Harding cannot conceal that this energy bill is more technologically suited for the 19th century than the 21st century.
Instead of this petroleum-soaked energy policy, some of my colleagues and I have been promoting a new vision for our energy future, one that would avoid drilling in our pristine areas, while creating jobs, enhancing our national security, and protecting the environment. This clean-energy vision, called the New Apollo Energy Act, is based on optimism rather than self-doubt, on new technologies rather than archaic methods, and on faith in Americans’ innovative talent rather than capitulation to narrow special interests. New Apollo will commit our nation to clean energy to increase domestic high-tech employment, reduce the effects of climate change, and advance our country toward independence from foreign oil. Though the Republican leadership refused to allow us to offer a version of New Apollo as an amendment to the energy bill, I will soon be introducing it as a separate bill in Congress.
New Apollo draws its inspiration from President Kennedy’s original “Apollo” plan, which in 1961 challenged the nation to put a man on the moon within the decade and return him safely to Earth. Kennedy recognized that Americans love a good challenge and are the most creative people in human history. In a similar way, New Apollo challenges Americans to harness their legendary ingenuity and technological prowess to build a clean, economically beneficial energy system on our own planet — a planet we want to keep comfortably fit for human habitation and free from global warming and conflicts arising over the control of petroleum.
Our New Apollo Energy Act will provide $49 billion in government loan guarantees for the construction of clean-energy generation facilities that will produce power from wind, solar, geothermal, biomass, oceans, coal with carbon-sequestration technology, and other sources. The legislation will also commit $10.5 billion to research-and-development investment tax credits for clean energy-producing operations. In addition, it includes a 10-year extension of the current credit for electricity generated from clean sources. Making these clean energy sources cost-effective for citizens will require this type of bold infrastructure investment by the federal government.
There is no one silver bullet that will solve the nation’s energy crisis, so New Apollo pursues a number of other strategies as well. It creates national net-metering and interconnection standards that allow homeowners who generate clean energy to reduce their energy bills by feeding surplus electricity back into the grid. It also contains a renewable portfolio standard that will require all utilities to produce 10 percent of their electricity from renewable sources by 2021.
Of course, the best way to generate energy is to not waste it, so New Apollo includes incentives for American consumers to drive fuel-efficient vehicles, including tax credits for the purchase of hybrid, alternative-fuel, low-emission advanced diesel, and fuel-cell vehicles. It also provides an incentive program to encourage domestic automotive and aerospace manufacturers to develop new fuel-efficient automobiles and planes.
These boosts for clean energy and efficiency will make it possible to meet our bill’s call for notable reductions in daily domestic oil consumption — cuts of 600,000 barrels a day by 2010, 1,700,000 barrels by 2015, and 3,000,000 barrels by 2020. These numbers are approximate estimates of the amount of oil the United States would soon be importing daily from Iraq, Saudi Arabia, and the entire Middle East, respectively, without a change in current policy. Lessening our dependence on foreign oil will greatly strengthen our national security.
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Apollo Creed