windfall profits tax

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

Article: 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

Article: 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…