Link: KOBTV.com -
Richardson outlines plan to end oil dependence
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NEW YORK (AP) - Governor Richardson told oil and gas investors Wednesday in New York how he’d wean the United States off foreign sources of their product if elected president in 2008.The New Mexico Democrat says dependence on foreign oil is America’s Achilles heel.
Richardson says he’d promote tax breaks for the construction of energy efficient buildings and offer tax credits for hybrid cars and public transportation.
And Richardson says he’d create a system of tradable energy credits to encourage private investment in alternative energy technologies.
Richardson has set a goal of reducing oil imports by 40 percent and replacing liquid fuels with biofuels by 2025. He’s also called for a 75 percent reduction in greenhouse gases by 2050.
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