Storm Cat Energy (fka SCUEF)

[hang ten]

Pickens: Bill pushing natural-gas vehicles will pass by late May
The Denver Post
Posted: 01/22/2010 01:00:00 AM MST


T. Boone Pickens, founder and chairman of BP Capital LLC, speaks during an interview in New York, U.S., on Thursday, Jan. 21, 2010. Pickens said a U.S. bill with new incentives for natural gas vehicles will pass by late May. Photographer: Daniel Acker/Bloomberg *** Local Caption *** T. Boone Pickens (Bloomberg | Daniel Acker)T. Boone Pickens, founder and chairman of Dallas-based BP Capital, said a U.S. bill with new incentives for natural-gas vehicles will pass by late May.

"We've got a bill that's set to go," Pickens told Bloomberg Television. "It will pass by Memorial Day."

Pickens in 2008 started a $60 million promotion for a national energy plan that relies on domestically produced natural gas and wind energy to cut U.S. dependence on foreign oil. Now he's focused on replacing fleet cars and trucks that run on gasoline with those that use cleaner-burning natural gas.

The legislation, which doubles 2005 tax incentives for buying vehicles fueled by natural gas, was offered by Senate Majority Leader Harry Reid of Nevada in July. The measure has enough support to advance through Congress, Pickens said Thursday. The Associated Press



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http://www.denverpost.com/headlines/ci_14242897