Press Releases
Brendan Daly/Nadeam Elshami
202-226-7616
12/13/2007
Pelosi Statement on Senate Passage of Historic Energy Legislation
Washington, D.C. – Speaker Nancy Pelosi released the
following statement this evening following the Senate’s 86 to 8 to pass
bipartisan energy security legislation.
Below is the Speaker’s statement and below that is a fact sheet on the
bill:
“The vote by the Senate to overwhelmingly pass historic and
sweeping energy security legislation is great news for American consumers
worried about the price of gas at the pump.
It sends a message to world leaders meeting in Bali that the
“This legislation includes an historic increase in fuel
efficiency standards to 35 miles per gallon by 2020 – the first such action in
32 years. It makes a major commitment to
homegrown biofuels, sending our energy dollars to the Midwest, not the
“The House will pass this remarkable legislation next week;
I am hopeful that President Bush will sign it.”
* * *
December 13, 2007
The Energy
Security Act
The
New Direction Congress has finalized “The Energy Independence and Security Act”
-- an historic bill to make
·
Reduce our dependence on foreign oil
·
Strengthen national security
·
Lower energy costs for consumers
·
Create hundreds of thousands of new jobs and
strengthen our economy
·
Reduce global warming
The Energy
·
Increases the fuel efficiency of vehicles
to 35 miles per gallon by 2020 (CAFE), the first congressional increase in 32
years. These provisions will:
o
Save American families $700 to $1,000 per year
at the pump
o
Produce $22 billion in net annual consumer
savings in 2020
o
Reduce greenhouse gas emissions equal to taking
28 million cars and trucks off the road
·
Expands American-grown biofuels
(Renewable Fuels Standard) to 36 billion gallons in 2022, as recommended by the
House Rural Working Group
·
Slashes
·
Produces
up to 24 percent of the cut in greenhouse gas emissions needed by 2030
·
Saves consumers more than $400 billion through new
energy efficiency standards for appliances, lighting and buildings through 2030
·
Creates hundreds of thousands of jobs:
o
Promotes massive development of biofuels
o
Spurs cutting-edge energy research
o
Prepares workers for 3 million new “green”
jobs over the next 10 years
o
Promotes small businesses as renewable
energy leaders.
Energy Independence and Security Act has
won broad bipartisan support from a broad coalition of environmental, labor, faith,
and business communities -- because all Americans have a stake in our fight for
energy independence, greater national security, expanded economic growth and
jobs, and lower energy costs.