tax breaks for oil companies

U.S. Lawmakers Reject Plan to Tax Back Oil Company Profits

U.S. Lawmakers Reject Plan to Tax Back Oil Company Profits

By J.R. Pegg WASHINGTON, DC, June 10, 2008 (ENS) – Senate Republicans today derailed a Democratic plan to revoke tax breaks for big oil companies and impose a tax on excessive profits, arguing the proposal would do little to help Americans suffering from record-high gasoline prices. Debate over the measure reflected deep and long-standing partisan…

U.S. Senate Approves Scaled Back Energy Bill

U.S. Senate Approves Scaled Back Energy Bill

Rush hour in Denver, Colorado. Increasing traffic, air pollution and fuel consumption, are becoming major problems. (Photo by Warren Gretz courtesy NREL) WASHINGTON, DC, December 14, 2007 (ENS) – The U.S. Senate approved a landmark energy bill Thursday night that requires the first increase in vehicle fuel economy standards in more than 30 years. But…