Assistant Secretary Talks to Fortune about New Energy Bill
December 21, 2007
DECEMBER 20 — Assistant Secretary of Energy Efficiency and Renewable Energy Alexander Karsner was interviewed by Fortune Magazine to discuss his excitement about and hopes for the new energy bill that was recently passed by Congress. Karsner shared his thoughts on the new bill and his beliefs on the role of government in business and the future of renewable energy. See the full text of the Fortune Magazine article on the CNN Web site.
The new bill includes a number of clean energy mandates. It requires that all cars get at least 35 miles to the gallon by 2020, and that lighting gradually move away from less energy efficient incandescent bulbs. It also allows for subsidies for power plants that avoid, sequester, or reduce greenhouse gases, and calls for greatly increased corn-based ethanol and next-generation biofuels. See the fact sheet about the Energy Independence and Security Act of 2007 on the White House Web site.