House Democrats plan to redirect money from Big Oil to alternative energy

Democrats in the U.S. House of Representatives in the first weeks of the new Congress plan to establish a dedicated fund to promote renewable energy and conservation, using money from oil companies.

"What we'll do is roll back the subsidies to Big Oil and use the resources to invest in a reserve for research in alternative energy," Pelosi, a California Democrat, recently told reporters.

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By H. JOSEF HEBERT (Associated Press)