Republicans offer alternative energy bill

June 10, 2009 10:06:02 AM PDT
House Republicans are calling for a hundred new nuclear power plants to be built in the next two decades as part of legislation they say is a better alternative than one championed by Democrats. The legislation unveiled by the GOP Wednesday would increase production of oil and gas offshore, fast-track refinery construction and establish a trust fund using oil and gas royalties to invest in renewable energy.

But unlike the Democratic bill, which has the support of the White House, it would not set mandatory targets for reducing greenhouse gas emissions or for producing electricity from renewable sources.

Republican leaders said they prefer incentives to switch to cleaner energy sources, rather than mandates that they say disrupt the economy.

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