Tuesday, August 22, 2006

Smart energy plans starting to make a difference at the polls

Governors Rod Blagojevich and George Pataki are the latest politicos to put some of their political weight behind an energy plans designed at least to get voters thinking about their energy creds. Blagojevich unveiled a plan August 22 to replace half of Illinois' energy supply with homegrown fuels by 2017. If the plan were to succeed, Illinois would be the first state to reach this level of energy 'independence.'

The Gov's plan relies on incentives to triple production of ethanol and other biofules and build as many as 10 new plants to gasifiy coal for diesel engines and electric generation. Carbon from the gasification process would be sequestered underground via an ambitious pipeline from central to southeastern Illinois.

The plan by Blagojevich, who is running for re-election, follows plans outlined by New York's Pataki August 7. He wants to allow companies to immediately expenses their captial investments in bio-refineries and other alternative fuel production facilities and provide energy companies with a federal tax credit for producing renewables fules and other alternatives to petroleum. He also wants to move all federal vehicles an offices to petroleum alternatives within 10 years. And he's proposing, among other things, a sliding scale of production tax credits for new vehicles.

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