US House of Representatives has just passed the HR. 6, the "Creating Long-Term Energy Alternatives for the Nation Act," (PDF download) with a 264-163 vote. Speaker of the House Nancy Pelosi claims this bill promises to:

...[invest] in clean, renewable energy and energy efficiency by repealing billions in subsidies given to big oil companies that are raking in record profits. Specifically, the measure ensures oil companies that were awarded the 1998 and 1999 leases for drilling paid their fair share in royalties. It also closes loopholes and ends giveaways in the tax code for Big Oil. Finally, the bill creates a Strategic Renewable Energy Reserve to invest in clean, renewable energy resources, promoting new emerging technologies, developing greater efficiency and improving energy conservation.

via treehugger