US House Takes on Big Oil

The House of Representatives is poised to play Robin Hood with energy policy Thursday. It aims to cut $14 billion in federal oil and gas tax breaks and other benefits over the next 10 years and give them instead to renewable-energy programs.

//www.truthout.org/docs_2006/011807C.shtml



House Rolls Back Oil Company Subsidies

The House rolled back billions of dollars in oil industry subsidies Thursday in what supporters hailed as a new direction in energy policy toward more renewable fuels. Critics said the action would reduce domestic oil production and increase reliance on imports. The energy legislation was the last of six high-priority issues that House Speaker Nancy Pelosi had pledged to push through during the first 100 hours of Democratic control. The bill passed by a 264-163 vote.

//www.truthout.org/docs_2006/011907M.shtml

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Funding an energy alternative

Tom Paine
by Joel Yudken

01/18/07

As the Democratic House passes the CLEAN (Creating Long-Term Energy Alternatives for the Nation) energy act, promising to generate $14 billion over 10 years by repealing subsidies to oil companies and invest the money in renewable energy sources, it is time to start looking beyond the 100 Hour Agenda. The CLEAN Act will add to the renewed focus the Democrats are placing on fair trade and labor policies necessary for creating economic conditions that favor renewed growth in U.S. manufacturing, but it is not sufficient. An essential complement is a national investment strategy aimed at strengthening U.S. industrial and innovation capabilities, while directing them towards achieving vital national goals. One such goal is energy security, encompassing two important, related challenges to America’s economic and national security in the coming decades: its growing dependence on foreign energy sources and global warming...

//tinyurl.com/265b6z


Informant: Thomas L. Knapp



//freepage.twoday.net/search?q=Big+Oil

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