Proposals afloat in Congress would raise taxes on the oil industry to help pay for spill cleanup. The industry objects, claiming the burden would harm not only companies, but the country. But the oil industry already gets tens or hundreds of billions in tax breaks and outright subsidies from the federal government.
Fannie Mae and Freddie Mac are balking at backing loans that include federal stimulus financing for solar panels and other energy improvements.
"The Interior Department, preoccupied with its response to the BP oil leak in the Gulf of Mexico, said Wednesday that it was pushing back the date of public hearings on the administration’s plan, announced before the disaster began, to expand offshore drilling."
"The Interior Department has fined BP America $5.2 million for filing false reports related to gas production on Indian tribal lands in southwest Colorado."
"Congress on Wednesday took major steps to rein in Big Oil's offshore drilling practices, as one Senate panel voted to lift all caps on liability in oil spills and another moved to deny offshore leases to companies with poor track records."
"Louisiana's fishing industry is getting slammed by the BP spill. So why does it still support offshore drilling?"
"In a setback for the Obama administration, a panel of judges at the Nuclear Regulatory Commission ruled on Tuesday that the Energy Department could not withdraw its application to open a nuclear waste dump at Yucca Mountain in Nevada."
"Key Senate Democrats offered today to scale back their ambitious efforts to cap greenhouse gas emissions but stressed that they and President Obama remain committed to putting a price on carbon this year."
"As U.S. senators debate some of the most sweeping climate change laws in American history, a powerful lobbying effort led by Canadian officials and huge oil firms may be winning big concessions."
"Oil and gas companies have reported almost 1,000 spills to Colorado regulators over the past 2-1/2 years, totaling 5.2 million gallons of drilling liquids and oil."
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