A study done by the Center for American Progress (CAP) shows a strong correlation between Big Oil political contributions and votes on energy legislation which eliminates $16 billion in oil company tax breaks and royalty relief.
The 221 House members who voted for the House energy bill received around $5.8 million in total from the […]

No surprises here really. Anything that remotely threatens the interests of Exxon will be opposed. The oil dinosaur has done it so spectacularly on climate, and now it is coming out fighting against the new US energy bill.
The proposed reform of US energy policy passing through Congress “almost defies any sense of logical or rational […]

The US Senate passed a broad energy bill late yesterday that will require the first big increase in fuel mileage requirements for passenger cars in American in more than two decades.
The vote, 65 to 27, was a major defeat for car manufacturers, which had fought for a much smaller increase in fuel economy standards and […]

Democrats in the US Senate say they are seeking a major reversal of energy tax policies that would take billions of dollars in tax breaks and other benefits from the oil industry to underwrite renewable fuels.
The tax increases would reverse incentives passed as recently as three years ago to increase domestic exploration and production of […]

BP has scrapped plans for a pioneering project to capture carbon in Scotland after the British Government’s energy review yesterday delayed a decision on subsidies.
Ministers said they planned to launch a competition for a funding award in November - described by the oil giant as “an extension too far” for its ambitious plans to succeed. […]