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LNG TRUCKS * USA
* DC - Tax Break For Natural Gas Vehicles Blocked In Senate
(Photo: Waste management cng truck)
Washington,DC,USA -Reuters/International Business Times, by Roberta Rampton -March 13, 2012: -- The U.S. Senate Tuesday rejected a bipartisan proposal to provide tax incentives for natural gas vehicles, a plan seen by some as paving the way for reduced dependence on foreign oil but panned by conservative groups as an unnecessary subsidy... The amendment to the Senate's highway bill needed 60 votes to break a filibuster threat, but was rejected in a 51-47 vote... The closely watched vote pitted billionaire T. Boone Pickens, who has been promoting natural gas vehicles since 2008, against Koch Industries, an energy conglomerate that saw the plan as interference in the private sector... Praised by President Barack Obama and Senate Majority Leader Harry Reid, D-Nev., the five-year plan would spur purchases of long-haul trucks and commercial vehicles that can run on cheap and abundant U.S. natural gas. The subsidies would be paid for from fees charged to users of the fuel...
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