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Oil Report

FACTBOX-Leading 2008 US presidential candidates on energy

Nov 13 (Reuters) - Following are summaries of the leading 2008 U.S. presidential candidates’ positions on energy and addressing with greenhouse gas emissions: DEMOCRATS: New York Sen. Hillary Clinton

Advocates curbing greenhouse gas emissions by 80 percent by 2050 and advocates cap and trade system for carbon emissions; creating a $50 billion fund, paid for in part by oil companies, to pay for investments in alternative energy; boosting fuel efficiency standards to 55 miles per gallon (4.28 liters per 100 km) by 2030; requiring publicly traded companies to report financial risks from climate change in annual reports; requiring new federal office buildings to be emissions neutral. Former North Carolina Sen. John Edwards

Supports reducing emissions by 80 percent by 2050 with a cap and trade system; repealing subsidies for large oil companies and creating annual $13 billion fund to support research and development of new energy technologies; cutting oil imports by 7.5 million barrels a day and producing 65 billion gallons of ethanol annually by 2025, raising vehicle fuel efficiency standard to 40 miles per gallon (5.88 liters per 100 km); developing clean coal technology. Illinois Sen. Barack Obama

Favors cutting emissions by 80 percent by 2050 and creating a market-based cap and trade system; investing $150 billion over 10 years for biofuels, development of renewable energies, low-emissions coal plants and a move to a digital electricity grid; a tax credit for production of renewable energy; phasing out incandescent light bulbs by 2014; requiring all new vehicles to be able to run on biofuel blends like E85. REPUBLICANS: Former New York Mayor Rudy Giuliani

Wants to expand use of nuclear energy; build more oil refineries and commercialize clean coal technologies, including carbon sequestration. Arizona Sen. John McCain

Supports nuclear power plants and renewable energy production; more battery-powered vehicles to limit emissions; replacing foreign oil energy supplies from corn and switchgrass; eliminating tariffs on the import of ethanol as well as promoting fuel-efficient vehicles and light bulbs; offshore drilling if state affected by it approves. Former Massachusetts Gov. Mitt Romney

Favors drilling for domestic sources of oil in locations like the Arctic National Wildlife Refuge and the Outer Continental Shelf; investment and subsidies for developing new fuel resources such as ethanol; more nuclear power and liquefied coal. Former Tennessee Sen. Fred Thompson

Advocates increasing domestic energy supplies; cutting demand for oil and gas and promoting alternative fuels and other energy sources such as nuclear and clean coal; conducting research on ways to reduce carbon dioxide emissions. SOURCE: campaign Web sites and appearances. (To read more about the U.S. political campaign, visit Reuters "Tales from the Trail: 2008" onlinehere)

Reporting by Jeremy Pelofsky and Paul Grant, editing by Eric Walsh

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