windfall profits tax

Democrats' Green Platform Plank, Obama's Green VP Pick

Democrats' Green Platform Plank, Obama's Green VP Pick

DENVER, Colorado, August 25, 2008 (ENS) – At the opening of the Democratic National Convention today, the Democratic Party adopted a new platform that incorporates the energy plan put forward by Senator Barack Obama of Illinois, the presumptive presidential nominee. The plan would implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent…

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…