Clinton urges new taxes, mandates on oil, gas firms

US Sen. Hillary R. Clinton (D-NY) has called for creation of a strategic energy fund, bankrolled by additional taxes on major oil company profits, to stimulate research and investment in clean technologies and to cut US oil imports in half by 2025.“We need a serious commitment from government to prioritize advanced energy and a commitment from our oil companies to reinvest their unanticipated profits into our shared energy future,” she said May 23 at the National Press Club.Noting that the top six oil companies had $113 billion of combined profits in 2005, “more than the annual income of 170 countries,” Clinton said, “I want oil companies to be part of the so...

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