http://www.nytimes.com/2008/02/28/washington/28energy.html?scp=3&sq=%22global+warming%22&st=nyt

While the House has reiterated its desire to pass a renewable energy tax credit package, the legislation faces a tough battle in both the Senate and with the Administration who oppose the offsets included within.  Democratic leaders in the Senate remain hopeful an agreement can be reached.

The House on Wednesday approved a bill to extend more than $17 billion in tax credits and other incentives to encourage the production of energy from solar, wind and other renewable sources, and to promote energy conservation. The bill would be financed by ending tax incentives for oil and natural gas producers.  Democratic leaders in the House hailed the legislation as a step toward energy independence and a moral victory for protecting the environment, by encouraging production of clean alternative fuels. But the White House threatened to veto the bill, saying it would be a mistake to increase the tax burden on American oil companies.

The New York Times, February 28, 2008

Submitted by J. Andrews