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The White House and congressional Democrats argued the bill would create millions of "green jobs" as the nation shifts to greater reliance on renewable energy sources such as wind and solar and development of more fuel-efficient vehicles — and away from use of fossil fuels such as oil, gas and coal. - By H. JOSEF HEBERT and DINA CAPPIELLO, Associated Press
Originally posted by proximo
There was a 309 page amendment added at 3:09 am, the republican leader simply read excerpts from it as an argument agains the bill and the stuff he was reading was horrifying.
Some of the highlights: All houses before being sold will have to have an energy efficiency audit, and all inspectors will have to be retrained at taxpayer expense. If the house does not meet the standards of the bill the seller is required to get it up to code at their cost.
All new houses are to be built with a certain number and size and locations of electrical outlets for electric cars.
Every city village or town will have to have an energy efficiency czar to enforce the regulations.
Derivatives laws were repealed, ones which I am sure might get in the way of the fortune the banks are going to make selling Carbon derivatives.
The bill will give more money to fannie and freddie for green mortgages, preferred financing to get people into energy efficient housing.
The bill mandates for every year for at least the next thirty the percent of power that most be purchased from alt energy. It also allows up to 20 year contracts be signed for providing such energy - so of course we are going to be locked into outrageous rates because of these long term contracts while alt energy costs our high due to the infancy of the industry. There was so much more, we are really screwed.