The first 100 hours

As Speaker of House Nancy Pelosi promised, the new Democratic House voted Thursday to reverse billions of dollars in subsidies to oil companies. This move was part of the “first 100 hours” agenda to kick off the 110th Congress in the House of Representatives. While the bill passed by a vote of 264-163, the bill has two major hurdles: a narrow Democratic majority in the Senate and possibly the veto pen of President Bush.

Obviously this kind of legislation has a huge impact for the alternative energy sector, so stay tuned for further legislative updates.

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Posted by Tim Roth, author of the political blog Think Anew and Act Anew

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