A Closer Look at Obama's Energy Plan. By Mark Clayton, CSMonitor, November 12, 2008. "If President-elect Barack Obama enacts the energy plan he laid out during his campaign, American taxpayers will each get a $500 rebate check -- funded by a windfall profits taxes on big oil companies. But that's just for starters. Besides taxing oil giants more, Senator Obama's detailed 30-point energy agenda [PDF, 8 pp] calls for big changes to address carbon emissions, fuel efficiency for vehicles, and domestic and renewable power and efficiency. While many candidates' platform promises are cast aside when political opposition looms, the Obama energy plan seems integral to his promise to get the economy restarted, some experts say... Among more than two dozen bullet points, Obama's energy plan includes: Putting 1 million plug-in-electric hybrid vehicles (PHEVs) on the road by 2015... Creating 5 million new 'green jobs' by investing $150 billion over 10 years to stimulate clean-energy infrastructure and manufacturing such as wind-turbine plants and solar panels carpeting the nation's rooftops... Cutting US oil consumption, within 10 years, by the amount currently imported from the Middle East and Venezuela combined... Requiring 10 percent of the nation's electricity to come from renewable energy sources like wind, solar, geothermal, and biomass by 2012. By 2025, raise that to 25 percent... Establishing an economy-wide cap-and-trade program that cuts US greenhouse gas emissions by charging for every ton of carbon dioxide that goes into the sky from coal- and natural gas-fired US power plants."
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