JOHN MCCAIN
American Enegry
"In recent days I have set before the American people an energy plan, the Lexington Project -- named for the town where Americans asserted their independence once before. And let it begin today with this commitment: In a world of hostile and unstable suppliers of oil, this nation will achieve strategic independence by 2025."
John McCain, June 25, 2008
Expanding Domestic Oil And Natural Gas Exploration And Production
John McCain Will Commit Our Country To Expanding Domestic Oil Exploration.
John McCain Believes In Promoting And Expanding The Use Of Our Domestic Supplies Of Natural Gas.
Taking Action Now To Break Our Dependency On Foreign Oil By Reforming Our Transportation Sector
The Nation Cannot Reduce Its Dependency On Oil Unless We Change How We Power Our Transportation Sector.
John McCain's Clean Car Challenge. John McCain will issue a Clean Car Challenge to the automakers of America, in the form of a single and substantial tax credit for the consumer based on the reduction of carbon emissions. He will commit a $5,000 tax credit for each and every customer who buys a zero carbon emission car, encouraging automakers to be first on the market with these cars in order to capitalize on the consumer incentives. For other vehicles, a graduated tax credit will apply so that the lower the carbon emissions, the higher the tax credit.
John McCain Will Propose A $300 Million Prize To Improve Battery Technology For Full Commercial Development Of Plug-In Hybrid And Fully Electric Automobiles.
John McCain Supports Flex-Fuel Vehicles (FFVs) And Believes They Should Play A Greater Role In Our Transportation Sector.
John McCain Believes Alcohol-Based Fuels Hold Great Promise As Both An Alternative To Gasoline And As A Means of Expanding Consumers' Choices.
Today, Isolationist Tariffs And Wasteful Special Interest Subsidies Are Not Moving Us Toward An Energy Solution.
John McCain Will Effectively Enforce Existing CAFE Standards.
Investing In Clean, Alternative Sources Of Energy
John McCain Believes That The U.S. Must Become A Leader In A New International Green Economy.
John McCain Will Commit $2 Billion Annually To Advancing Clean Coal Technologies.
John McCain Will Put His Administration On Track To Construct 45 New Nuclear Power Plants By 2030 With The Ultimate Goal Of Eventually Constructing 100 New Plants.
John McCain Will Establish A Permanent Tax Credit Equal To 10 Percent Of Wages Spent On R&D.
John McCain Will Encourage The Market For Alternative, Low Carbon Fuels Such As Wind, Hydro And Solar Power.
Protecting Our Environment And Addressing Climate Change A Sound Energy Strategy Must Include A Solid Environmental Foundation
John McCain Proposes A Cap-And-Trade System That Would Set Limits On Greenhouse Gas Emissions While Encouraging The Development Of Low-Cost Compliance Options.
How Does A Cap-And-Trade System Work? A cap-and-trade system harnesses human ingenuity in the pursuit of alternatives to carbon-based fuels. Market participants are allotted total permits equal to the cap on greenhouse gas emissions. If they can invent, improve, or acquire a way to reduce their emissions, they can sell their extra permits for cash. The profit motive will coordinate the efforts of venture capitalists, corporate planners, entrepreneurs, and environmentalists on the common motive of reducing emissions.
Greenhouse Gas Emission Targets And Timetables:
2012: Return Emissions To 2005 Levels (18 Percent Above 1990 Levels)
2020: Return Emissions To 1990 Levels (15 Percent Below 2005 Levels)
2030: 22 Percent Below 1990 Levels (34 Percent Below 2005 Levels)
2050: 60 Percent Below 1990 Levels (66 Percent Below 2005 Levels)The Cap-And-Trade System Would Allow For The Gradual Reduction Of Emissions. The cap-and-trade system would encompass electric power, transportation fuels, commercial business, and industrial business - sectors responsible for just under 90 percent of all emissions. Small businesses would be exempt. Initially, participants would be allowed to either make their own GHG reductions or purchase "offsets" - financial instruments representing a reduction, avoidance, or sequestration of greenhouse gas emissions practiced by other activities, such as agriculture - to cover 100 percent of their required reductions. Offsets would only be available through a program dedicated to ensure that all offset GHG emission reductions are real, measured and verifiable. The fraction of GHG emission reductions permitted via offsets would decline over time.
Promoting Energy Efficiency
John McCain Will Make Greening The Federal Government A Priority Of His Administration.
John McCain Will Move The United States Toward Electricity Grid And Metering Improvements To Save Energy.
John McCain Believes We Must Understand The Role Speculation Is Playing In Our Soaring Energy Prices.
John McCain Does Not Support A Windfall Profits Tax.
John McCain On Energy For A Secure Nation
Oil is not just a commodity. It is a strategic weapon that others use to threaten our economy and to finance terrorist attacks. In addition, the lines of our oil supply provide an ample target for terrorists.
John McCain Will Break From The Failed Policies Of The Past And Lead A Great National Campaign To Eliminate Our Dependence On Oil.
John McCain Will Put America On The Path To Eliminate the Strategic Threat From Oil
The Lexington Project Includes:
Protecting Our Environment By Addressing Climate Change
Promoting Energy Efficiency
Addressing Speculative Pricing Of Oil
VS
BARACK OBAMA
American Energy
The Obama comprehensive New Energy for America plan will
Provide short-term relief to American families facing pain at the pump
Help create five million new jobs by strategically investing $150 billion over the next ten years to catalyze private efforts to build a clean energy future.
Within 10 years save more oil than we currently import from the Middle East and Venezuela combined.
Put 1 million Plug-In Hybrid cars -- cars that can get up to 150 miles per gallon -- on the road by 2015, cars that we will work to make sure are built here in America.
Ensure 10 percent of our electricity comes from renewable sources by 2012, and 25 percent by 2025.
Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050.
Provide Short-term Relief to American Families
Enact a Windfall Profits Tax to Provide a $1,000 Emergency Energy Rebate to American Families.
Crack Down on Excessive Energy Speculation.
Swap Oil from the Strategic Petroleum Reserve to Cut Prices.
Eliminate Our Current Imports from the Middle East and Venezuela within 10 Years
Increase Fuel Economy Standards.
Get 1 Million Plug-In Hybrid Cars on the Road by 2015.
Create a New $7,000 Tax Credit for Purchasing Advanced Vehicles.
Establish a National Low Carbon Fuel Standard.
A “Use it or Lose It” Approach to Existing Oil and Gas Leases.
Promote the Responsible Domestic Production of Oil and Natural Gas.
Create Millions of New Green Jobs
Create Millions of New Green Jobs
Ensure 10 percent of Our Electricity Comes from Renewable Sources by 2012, and 25 percent by 2025.
Deploy the Cheapest, Cleanest, Fastest Energy Source – Energy Efficiency.
Weatherize One Million Homes Annually.
Develop and Deploy Clean Coal Technology.
Prioritize the Construction of the Alaska Natural Gas Pipeline.
Reduce our Greenhouse Gas Emissions 80 Percent by 2050
Reduce our Greenhouse Gas Emissions 80 Percent by 2050
Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050.
Make the U.S. a Leader on Climate Change
All of this information came from the sites of both candidates.
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