Energy and the presidential race

Where the leading candidates stand on everything from a gas tax to a carbon cap to drilling in the Arctic National Wildlife Refuge.

Mitt Romney
Mitt Romney
Romney supports drilling in Alaska and higher fuel efficiency standards, but breaks with most other candidates when it comes to capping carbon emissions.

The former Massachusetts Governor, currently seeing resurgence in the Iowa polls, makes much of energy independence.

"Our military and economic strength depend on our becoming energy independent -- moving past symbolic measures to actually produce as much energy as we use," Romney said on his Web site.

To that end, he wants to "dramatically increase" federal funding for a host of alternative energy technologies, although he doesn't support raising taxes on oil companies to do it.

"When you tax something, you get less of it," Romney said in an email to CNNMoney.com. "If we raise taxes on investment in domestic energy, we will have less domestic energy production, and will therefore become even more dependent on foreign supplies."

Romney does support drilling in the Alaska National Wildlife Refuge as a way to wean the country off foreign oil.

Romney is unclear about whether or not he supports federal caps on carbon emissions. Most other candidates -- except for Giuliani -- strongly support such a measure.

While he indicated that reducing our carbon footprint was important, he did not directly address the question of whether or not he supports federal caps on emissions. "While it is likely that human activity is contributing to climate change, I am not sure how much, or what we can do to significantly reduce or reverse this effect," Romney said in the email.

- A previous version of this story misstated Romney's title. CNNMoney.com regrets the error.
Last updated January 02 2008: 9:42 AM ET

At a Glance

Rudy Giuliani

Mike Huckabee

John McCain

Mitt Romney

Hillary Clinton

John Edwards

Barack Obama

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.