Friday, December 14, 2007

Senate Approves Energy Bill; Bush Will Sign It

The U.S. Senate approved energy legislation that would increase vehicle fuel efficiency for the first time in more than three decades and boost the use of biofuels to reduce gasoline consumption.

The legislation passed 86-8 after two failed attempts to approve it with provisions that would increase taxes on oil and natural gas companies and require investor-owned utilities to purchase a portion of their power from renewable sources. Those initiatives were stripped from the final legislation because of Republican opposition.

President George W. Bush will sign the legislation, press secretary Dana Perino said in an e-mailed statement. The White House earlier today issued a statement threatening to veto the legislation if it included the tax provisions.

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