Klude:
From Clinton's Senate website is detail on legislation she introduced to tax oil company windfall profits above a 2000-04 baseline and use the revenues for a Strategic Energy Fund. It's an amplification of several of the campaign bullet points above:
Hillary Rodham Clinton, Senator for New York: Senator Hillary Rodham Clinton Outlines Plan to Create Strategic Energy Fund to Invest in Clean Energy Technology
[quote]Senator Clinton's legislation will create a Strategic Energy Fund to help pay for the clean energy transition. The legislation eliminates oil company tax breaks and ensures that they pay their fair share of royalties for drilling on public lands. The legislation also places a temporary fee on major oil company profits that exceed a 2000-2004 profit baseline. The fee would be in place for two years, and companies could offset their fee by investing in alternative energy technologies such as ethanol and wind power. The Strategic Energy Fund would raise $50 billion to fund research, development and deployment of energy technologies that will reduce America's oil dependence and greenhouse gas emissions.
The Strategic Energy Fund will:
• Deliver Clean Coal Technology. $3.5 billion in tax incentives and grants to build 5 clean coal plants that can capture and store carbon dioxide and reduce global warming.
• Invest in Renewable Energy. Move America towards the goal of producing 25 percent of electricity from renewable sources by extending the production tax credit for generating electricity from wind and other renewable sources for five years.
• Transform America's Vehicles. Put more efficient vehicles on the road by quadrupling consumer tax breaks for hybrids, clean diesel, and other advanced vehicles, creating incentives for auto manufacturers to retool their facilities, and putting $500 million towards advanced battery research to speed development of "plug-in" hybrid vehicles.
• Accelerate Homegrown Biofuels. Extend the ethanol tax credit until 2012, and speed the development of cellulosic ethanol by providing loan guarantees for the first billion gallons of commercial production capacity, and providing $2 billion for research.
• Improve Efficiency. Increase incentives to make homes and offices more comfortable and cheaper to operate by improving energy efficiency.
• Unleash American Ingenuity. Accelerate energy research by creating a $9 billion "Advanced Research Projects Agency" for energy. [/b]
And, here is MP3 audio of the conference call with reporters from the day when she introduced the legislation.
http://clinton.senate.gov/audio/02_2...nergy_call.mp3