Oil
GOP U.S. House passes bill opening more public land to development if reserve oil is tapped
U.S. House Republicans passed a bill Friday to force the White House to make more federal land and waters available for oil and gas development if the president orders the withdrawal of more oil from the Strategic Petroleum Reserve. The bill, passed 221-205, mostly along party lines, would strip the president’s power to remove oil […]
States that limit business with banks that ‘boycott’ fossil fuels could pay high cost, study says
Republican state policymakers’ efforts to boost fossil fuels by prohibiting their governments from doing business with companies that take sustainability into consideration has the potential to cost states millions, according to a study released Thursday. Researchers looked specifically at the possible effects on Florida, Kentucky, Louisiana, Missouri, Oklahoma and West Virginia if they passed Texas-like […]
U.S. House passes legislation barring sales of strategic reserve oil to China
U.S. House Republicans wrapped up their first week in the majority Thursday by passing with bipartisan support a bill to prohibit the Energy Department from selling the nation’s stockpile of crude oil to China or affiliated entities. The bill, written by Energy and Commerce Committee Chairwoman Cathy McMorris Rodgers, a Republican from Washington, would prevent […]