Recently the House passed the Renewable Energy and Energy Conservation Tax Act. This bill is a great first step towards improving our environment, creating clean energy jobs and gaining energy independence.
This would be done by cutting government subsidies to the oil and gas industry and shifting them to renewable energy development. The oil and gas industry will get by -- ExxonMobil recently reported the largest quarterly profit for any corporation in American history.
These corporate giants are not in need of any more government handouts. This bill would allow renewable sources such as solar and wind power to get the funding they need and incentives would also be provided for plug-in hybrid electric vehicles that would help clean up pollution in our transportation sector.
Please tell your Senators that this bill needs to be passed. Our environment is too important to be ignored.