[NYTr] House oks $21.5 billion energy bill but Bush veto seen

[All the News That Doesn't Fit]

Reuters - Dec 6, 2007
http://www.reuters.com/article/politicsNews/idUSN0649532120071206?feedType=RSS&feedName=politicsNews&sp=true

House oks $21.5 billion energy bill but Bush veto seen

WASHINGTON (Reuters) - The House of Representatives on Thursday passed
an energy bill that would boost vehicle fuel economy requirements by 40
percent by 2020, raise ethanol use by five-fold by 2022 and impose $13
billion in new taxes on big oil and gas companies.

The bill would increase the Corporate Average Fuel Economy standards to
35 miles per gallon (15 km per liter) by 2020, the first congressional
boost in fuel rules since 1975.

But the plan -- an amalgam of energy priorities driven by House Speaker
Nancy Pelosi -- faces resistance in the Senate, which has yet to
consider it. The White House says it will veto the measure in its
current form.

(Reporting by Chris Baltimore)