später ein gut-analysiert für ihn....  http://geoffdavis.house.gov/read.aspx?ID=420
For Immediate Release:
1/10/2007
Bipartisan Energy Legislation Provides a Solution to Our Nation’s Energy Crisis, Will Spur Job Creation
Bipartisan Energy Legislation Provides a Solution to Our Nation’s Energy Crisis, Will Spur Job Creation
Washington, DC – Today, Congressman Geoff Davis and House Natural Resources Chairman Nick Rahall [D-WV] introduced the Coal-to-Liquids Fuel Promotion Act of 2007. This bipartisan legislation is the House version of S. 155, the Coal-to-Liquids Fuel Promotion Act, that was introduced in the Senate last week by Senators Jim Bunning [R-KY] and Barack Obama [D-IL].
The Coal-to-Liquids Fuel Promotion Act of 2007 is a three-part, comprehensive bill that will promote construction of coal-to-liquids plants. The bill offers tax incentives for investment and production and would strengthen our domestic energy security by providing for the use of coal-to-liquids fuels in the military and as a component of the Strategic Petroleum Reserve. A one page summary of the bill is attached to this release.
Last fall Congressman Davis hosted Secretary of Energy Samuel Bodman in Ashland, Kentucky, for a discussion of coal-to-liquids fuels and carbon sequestration technologies important for the environmentally-responsible use of coal. At the event Secretary Bodman announced more than $450 million in grants to support carbon sequestration technology over the next ten years. As the Department of Energy moves forward on technology that will help mitigate the environmental impact of this form of fuel production, the time has come for Congress to provide a comprehensive plan for integrating coal-derived fuels into our nation’s fuel markets.
In addition, the Department of Defense has begun a large-scale initiative to develop liquid fuels derived from coal as a replacement for conventional jet and diesel fuel used in military planes, tanks and trucks. It has been estimated that the Air Force consumes more than half of all fuel used by the federal government. As a matter of national security, finding an alternative domestic energy source for our military operations is imperative. Congressman Davis is committed to ensuring that the Defense Department receives the funding necessary to advance this fuel initiative. The Coal-to-Liquids Fuel Promotion Act will assist in DoD’s research and development of these fuels.
“High energy prices affect everyone from individual consumers to multinational corporations. The development of alternative energy sources, such as coal-to-liquids fuels, is critical to our economy and national security,” said Congressman Geoff Davis. “Kentucky has the unique opportunity to be part of the solution to our nation’s energy crisis by turning coal into liquid fuel.
“The Fischer-Tropsch process can be used to convert coal into clean and efficient diesel and jet fuel. Coal-to-Liquids fuels have the potential for broad application for both military and commercial use.
“This legislation will foster the incubation of an important alternative energy source that draws on America’s resources and will create American jobs. In addition, the bill provides specific incentives for carbon sequestration, which will reduce the environmental impact of coal-to-liquids plants. This bill represents a reasoned solution that will assert greater domestic control of our energy security.
“Senator Bunning has long been a leader on energy security issues, particularly on coal-derived fuels. I’m honored to have this chance to work with him to promote the use of Kentucky’s resources to help solve our nation’s energy crisis. His leadership in the Senate on this issue will be key to moving this legislation forward in Congress.”
Chairman Nick Rahall stated, “Disturbingly, for all of our Nation’s pride in our competitiveness and innovation, we stand behind a number of other countries in liquefying coal to end our foreign oil dependence. For instance, these fuels represent about one third of energy consumption in South Africa. China, India, and Indonesia, recognizing the problems of relying on foreign sources of oil, are all aggressively pursuing coal liquefaction as key components of their energy production. For the U.S., our continued myopia about coal liquefaction is particularly numb-headed, since coal is our most abundant natural energy resource.”
“I welcome the support of Congressman Davis in the fight for America’s energy independence and I thank him for introducing a companion bill today in the House,” said U.S. Senator Jim Bunning. “With a strong investment in Coal-to-Liquid fuel, America can wean itself off of foreign sources of energy, and at the same time create jobs for working families across Kentucky and the nation. I look forward to working with Congressman Davis in the 110th Congress to pass this important legislation.”
Current co-sponsors of the bipartisan legislation include:
Chairman Nick Rahall [D-WV]
Congressman Ed Whitfield [R-KY]
Congressman Hal Rogers [R-KY]
Congressman Ron Lewis [R-KY]
Congressman Rick Boucher [D-VA]
Congressman Lincoln Davis [D-TN]
Congressman Chip Pickering [R-MS]
Congressman Jimmy Duncan [R-TN]
Congressman Ray LaHood [R-IL]
Congressman John Shimkus [R-IL]
Congressman Charles Boustany [R-LA]
Congresswoman Barbara Cubin [R-WY]
Ranking Member Spencer Bachus [R-AL]
Congressman Mike Rogers [R-AL]
Congressman Terry Everett [R-AL]
Congressman Chris Cannon [R-UT]
Congresswoman Thelma Drake [R-VA]
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Coal-to-Liquids Fuel Promotion Act of 2007
Representatives Davis [KY] and Rahall [WV]
1. DOE Facilitation of Construction
Loan Guarantees – Authorizes DOE to administer loan guarantees for the first Coal-to-Liquids plants. Plants must have a minimum production of 10,000 barrels a day, and the loan guarantee program would expire once ten large-scale plants are built or commercial production reaches 100,000 barrels of CTL fuel daily. [Section 102]
Planning Loans – Provides DOE authority to issue matching loans to groups engaged in permitting and planning of a large-scale CTL plant. The loans are capped at $20 million, must be matched dollar-for-dollar by non-Federal money and must be repaid after the plant is financed (within 5 years). [Section 103]
Expanded Plant Siting – Authorizes DOE, DOD and other agencies to promulgate regulations to allow BRAC sites, military bases and DOE current and former facilities to be considered as sites for commercial CTL plants. [Section 104]
Emissions Report – Requires testing and evaluation to be completed in cooperation with the DOE, EPA, DOD, FAA and HHS. This builds on Section 417 of the Energy Policy to have comprehensive, university-based testing and evaluation of Fischer-Tropsch fuels. [Section 108]
2. Tax Incentives for Investment and Production
Investment Tax Credit and Expensing– Expands 20% tax credit for CTL plants (including the infrastructure needed to capture, transport and sequester carbon) capped at $200 million per plant and limited to 10 plants. Provides a similar provision for expensing these investments, but does not allow double dipping. [Section 201-202]
Fuel Excise Tax Extension for CTL – Extends the fuel tax credit for CTL products from 2009 (from SAFETEA-LU) until January 1, 2020. [Section 203]
Enhanced oil, natural gas, coalbed methane recovery and capture and sequestration credit – Increases the tax credit to 50% from 15% for equipment for the separation, delivery and sequestration of CO2 put in place before 2020. [Section 204-205]
3. National Security and Defense
Strategic Petroleum Reserve – Requires a DOD report on CTL fuel storage and inclusion in the SPR, authorizes the construction of SPR storage facilities for CTL fuel and authorizes the SPR to hold up to 20% of the reserve in the form of CTL finished fuels. [Section 105]
DOD Research and Development – Authorizes funding for the Air Force CTL R&D and testing program. [Section 106]
DOD Multi-year contracting – Authorizes DOD contract authority for up to 25 years. [Section 107]
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