Thursday, June 21, 2007

CAFE Standards--Senate Agreement Today?

Reuters reports that today could be the day for Senate agreement on increased fuel efficiency standards. According to the report:

"The Senate may work through the weekend on the energy legislation. In addition to fuel economy, other major provisions would eliminate billions of dollars in tax incentives for oil companies and promote home-grown energy sources, like wind power and alternative automotive fuels. "

"Stabenow and Levin met with Sen. Dianne Feinstein, a California Democrat and a chief sponsor of the stricter Senate efficiency proposal, to discuss alternatives. Feinstein said her team would "run the numbers" overnight and revisit the issue on Thursday."