Congresswoman Capito speaks on the House floor about the "American Conservation and Clean Energy Independence Act," legislation she introduced with a bipartisan coalition of her House colleagues.
Their legislation would use royalty revenue from offshore energy exploration to invest in alternative energy technology - including clean coal, renewable energy, conservation and environmental restoration. Contrary to a cap-and-trade bill (essentially a national energy tax) currently under consideration in the House, Capito's bill would make these investments without raising taxes on consumers.
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