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After Oil Spill, Need for Cap-and-Trade Bill Is Urgent, Dems Say
By Patricia Murphy - Politics DailyWith as many as 60,000 barrels of oil spilling into the Gulf of Mexico every day, top Democrats on Capitol Hill said Tuesday that the oil spill in the gulf demands that Congress pass comprehensive climate change legislation to wean Americans off fossil fuels. A broad climate change bill passed the House last year, and a bill in the Senate sponsored by John Kerry and Joe Lieberman, would create a similar cap-and-trade mechanism to put a price on carbon. The cap-and-trade plan would allow utilities to emit a limited amount of carbon every year. If a utility exceeded the cap, it would have to ...
Congress Slams Big Oil Executives: 'The Free Ride Stops Today'
By Patricia Murphy - Politics DailyHouse Democrats wasted no time Tuesday in accusing five of the largest oil companies in the country of being completely unprepared to respond to a spill like the one tarring hundreds of square miles of the Gulf of Mexico. During a congressional hearing, Democrats also called for new regulation of oil and gas drilling and comprehensive climate change legislation to wean Americans off of foreign oil, and to seek the resignation of Lamar McKay, the chief executive of BP America. Republicans accused Democrats of using the gulf disaster to pass unrelated pet projects and asked why the hearing ...
Big Oil in Washington Bull's-Eye as CEOs Take Hot Seat in Gulf Inquiry
By Patricia Murphy - Politics DailyEvery drama needs a villain. And with images of toxic crude oil spilling into the Gulf of Mexico at a rate of more than a million gallons a day, Democrats in Washington have seized on Tony Hayward, the chief executive of BP, and the chiefs of the five largest oil companies in the world as the villains most responsible for the ongoing disaster in the Gulf. Beginning Tuesday, President Barack Obama and members of Congress will make a full frontal assault on Hayward and Big Oil, hauling the executives before congressional panels, into the Oval Office, and before the court of public opinion using ...
BP, Halliburton Execs Refuse Oil Spill Blame at Senate Hearing
By Patricia Murphy - Politics DailyExecutives from BP, Transocean and Halliburton appeared at a Senate hearing Tuesday to testify about their companies' roles in the catastrophic oil spill still ongoing in the Gulf of Mexico. But each took pains to deflect blame for explosion that compromised the Deepwater Horizon oil well and the disastrous gush of oil from the well that has followed. Sen. Robert Menendez (D-N.J.), a member of the Senate Energy and Natural Resources Committee, blasted the testimony and said the executives were more concerned with avoiding legal responsibility for their companies than getting to the true cause ...
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