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Rep. Katie Porter (D-Calif.) said a bill passed last week by the House to limit the energy secretary’s ability to tap the Strategic Petroleum Reserve without opening up more — up to 10% — of public lands to the oil and gas industry would allow oil companies to “double dip, to profit off of the American people.”
The U.S. House last week passed a bill intended to limit the energy secretary’s ability to tap the Strategic Petroleum Reserve (SPR) without opening up more — up to 10% — of public lands to the oil and gas industry.
The Strategic Production Response Act (H.R.21) stipulates that anytime the administration uses the SPR for non-emergency purposes, oil and gas production on federal lands and offshore waters must increase by an equivalent amount.
Rep. Katie Porter (D-Calif.), who said the bill would allow oil companies to “double dip, to profit off of the American people,” proposed an amendment to the bill to prevent oil companies from profiting twice.
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