FACTBOX: Obama's positions on energy issues

(Reuters) - Energy was a major issue in the U.S. presidential campaign after high gasoline prices added to consumer woes this year and candidates pledged to reduce America's dependence on foreign oil.

Here is a look at the energy plan of President-elect Barack Obama.

ENERGY RESEARCH

Obama wants to invest $150 billion over 10 years on low-carbon energy sources that will help create 5 million jobs, double research and development spending on biomass, solar and wind resources; accelerate commercialization of plug-in hybrid cars, invest in low-emission coal plants.

WINDFALL PROFITS TAX

Obama supports a five-year windfall tax on excessive profits of large oil companies. The proceeds from the tax would pay for a $1,000 tax rebate for low- and middle-income families to help them cope with rising energy prices.

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