Summary:

The 2007 Energy Bill is now law. After the House of Representatives passed the Senate-approved version yesterday, it left the Hill and, through the powers and wonders of our checks and balances, has now received the presidential signature. The new energy policy’s biggest achievements are an […]

Energy BillThe 2007 Energy Bill is now law. After the House of Representatives passed the Senate-approved version yesterday, it left the Hill and, through the powers and wonders of our checks and balances, has now received the presidential signature.

The new energy policy’s biggest achievements are an increase in the corporate average fuel economy, to 35 miles per gallon by 2020, and an increase in biofuel production, to 36 billion gallons by 2022. Also included in the legislation are stricter energy efficiency requirements for household appliances and government buildings. And in an illuminating bit of law-making, the bill also sets the goal of phasing out incandescent light bulbs in 10 years.

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