• Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues


Bush Signs Energy Bill; Mandatory Changes to Auto Economy, Biofuels, Lighting

President Bush has signed the Energy Independence and Security Act of 2007, a national energy plan that includes provisions to raise automotive fuel economy standards for the first time since 1975. The new law requires automakers to increase their fleetwide fuel economy standards for cars and light trucks to 35 miles per gallon by 2020. In addition, fuel producers will be required to increase their usage of biofuel to 36 billion gallons by 2022. The new law also updates the Energy Policy and Conservation Act to set new appliance efficiency standards, including the phasing out of certain types of incandescent light bulbs by 2020. Federal buildings will be required to speed up their use of energy-efficient technologies, and new or renovated federal buildings must use 55 percent less fossil fuel by 2010 and 100 percent less by 2030. Both houses of Congress overwhelmingly approved the measure.

Follow Area Development