23 June, 2007

republicans protect big oil

Senate Democrats also fell short of their own goals. In a victory for the oil industry, Republican lawmakers successfully blocked a crucial component of the Democratic plan that would have raised taxes on oil companies by about $32 billion and used the money on tax breaks for wind power, solar power, ethanol and other renewable fuels.

Republicans also blocked a provision of the legislation that would have required electric utilities to greatly increase the share of power they get from renewable sources o

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