Thursday, August 17, 2006

Bush gets so close to giving loan guarantees to alternative energy sources, then remembers he is an oilman

In Monday, August 14th's edition of the Federal Register the following notice was printed:

Loan Guarantees for Projects That Employ Innovative Technologies; Guidelines for Proposals Submitted in Response to the First Solicitation

SUMMARY: DOE publishes policy guidelines that DOE intends to use in connection with the first solicitation of proposals for a loan guarantee for Eligible Projects under Title XVII of the Energy Policy Act of 2005 that are expected to contribute to the goals of the President’s Advanced Energy Initiative.

(see page 527)
(a) IN GENERAL.—The Secretary may make guarantees under
this section only for projects that—
(1) avoid, reduce, or sequester air pollutants or anthropogenic
emissions of greenhouse gases; and
(2) employ new or significantly improved technologies as
compared to commercial technologies in service in the United
States at the time the guarantee is issued.
(b) CATEGORIES.—Projects from the following categories shall
be eligible for a guarantee under this section:
(1) Renewable energy systems.
(2) Advanced fossil energy technology (including coal gasification
meeting the criteria in subsection (d)).
(3) Hydrogen fuel cell technology for residential, industrial,
or transportation applications.
(4) Advanced nuclear energy facilities.
(5) Carbon capture and sequestration practices and technologies,
including agricultural and forestry practices that store
and sequester carbon.
(6) Efficient electrical generation, transmission, and distribution
(7) Efficient end-use energy technologies.
(8) Production facilities for fuel efficient vehicles, including
hybrid and advanced diesel vehicles.
(9) Pollution control equipment.
(10) Refineries, meaning facilities at which crude oil is
refined into gasoline.
[Almost forgot!]

I was honestly thrilled about the initial appearance of this policy guideline in the FR, but, of course, with a little digging I found that this is just another BS kickback to big oil. Hopefully, DOE will loan money to innovative companies that are seeking out efficient use of renewables.


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