A bill to establish a corporation for the development of new energy sources.

[AI summary unavailable — showing source text] Establishes a New Energy Sources Corporation. Provides that it shall be the function of the Corporation to select, the two most technically and economically feasible methods for manufacturing substitute natural gas from coal. Authorizes the Corporation to construct and operate a demonstration-type facility for each such method selected. States that if the Corporation determines that a method so demonstrated is technically and economically feasible on a commercial scale, the Corporation is authorized to construct and operate a full-scale, commercial-size facility to manufacture substitute natural gas from coal by such method. Makes it the funciton of the Corporation to evaluate proposed methods of development of oil shale and select at least two of the most feasible methods from a technical, economical, and environmental standpoint for manufacturing petroleum products from shale. Authorizes the Corporation to construct and operate demonstration-type facilities for underground mining techniques for restoring processes, for in situ processes, or for any other method deemed feasible to develop the oil shale resource. Authorizes the Department of the Interior to make availabe to the Cor…