News

June 28, 2006

Schumer Outlines Energy Project

By: by Capital News 9

Source:

It looks as though Upstate New York will play a key role in reducing U.S. dependence on foreign oil.

Senator Chuck Schumer has unveiled what he calls a new Manhattan Project.

The First Annual New Energy New York Symposium at UAlbany let companies showcase the latest alternative energy technologies. And the senator's plan would give these companies the resources to get their ideas off the drawing board.

Schumer said the Capital Region is taking the lead in research that will reduce the nation's dependence on fossil fuels.

He said, "The demand for alternatives and efficiency and new technology in the energy area is going to soar. And we here in New York are prepared to do our part, take advantage and create jobs and new companies."

Over the next 10 years, $83 billon will be given to promote new energy research under the senator's plan.

Schumer is also proposing a tax credit to push for ethanol production in New York State.