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Teen solves centuries-old math problem
WASHINGTON, March 20 (UPI) -- The U.S. Energy secretary and Environmental Protection Agency administrator submitted the Alternative Fuel Standard Act to Congress.
Secretary Samuel Bodman and Administrator Stephen Johnson sent a joint proposal letter to the chairman and ranking member of the House Committee on Energy and Commerce Monday. The proposed draft legislation requires 35 billion gallons of alternative motor fuel, or 15 percent of gasoline use, by 2017.
It also calls for a credit, banking and trading program that will encourage production of alternative fuels reduce price volatility.
The legislation, according to Bodman and Johnson, wll help meet President Bush's goal of reducing gasoline consumption by 20 percent in 10 years. The remaining 5 percent reduction is expected to come from the Corporate Average Fuel Economy standards, submitted to Congress last month.
Bush called for the reduction during his State of the Union address in January as a means of reducing imports, which account for about 60 percent of U.S. gasoline consumption.
The proposed legislation accelerates goals set in the Renewable Fuel Program as part of the Energy Policy Act of 2005. The original goal was 7.5 billion gallons of alternative fuel by 2012.
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