Current renewable energy legislation is stalled in the senate, with disagreement
over offshore oil drilling being cited as a reason for the current deadlock.
Not exact matches
The five - year program, launched by the federal government in early January, proposes to make
over 90 percent of the total U.S.
offshore acreage available to
oil and gas
drilling.
NE is an
offshore drilling contractor for the
oil and gas industry with operations all
over the world including operations in the United States, Gulf of Mexico and Alaska, Mexico, Brazil, the North Sea, the Mediterranean, West Africa, the Middle East, India, Malaysia, and Australia.
$ 8 billion)
over first ten years for deficit reductionObeys PAYGO; Starting in 2026, 25 % of auction revenues for deficit reductionFuels and TransportationIncrease biofuels to 60 million gallons by 2030, low - carbon fuel standard of 10 % by 2010, 1 million plug» in hybrid cars by 2025, raise fuel economy standards, smart growth funding, end
oil subsidies, promote natural gas
drilling, enhanced
oil recoverySmart growth funding, plug - in hybrids, raise fuel economy standards $ 7 billion a year for smart growth funding, plug - in hybrids, natural gas vehicles, raise fuel economy standards;
offshore drilling with revenue sharing and
oil spill veto, natural gas fracking disclosureCost ContainmentInternational offsetsOffset pool, banking and borrowing flexibility, soft price collar using permit reserve auction at $ 28 per ton going to 60 % above three - year - average market price» Hard» price collar between $ 12 and $ 25 per ton, floor increases at 3 % + CPI, ceiling at 5 % + CPI, plus permit reserve auction, offsets like W - MClean Air Act And StatesNot discussedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade suspended until 2017, EPA to set stationary source performance standards in 2016, some Clean Air Act provisions excludedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade pre-empted, establishes coal - fired plant performance standards, some Clean Air Act provisions excludedInternational CompetitivenessTax incentives for domestic auto industryFree allowances for trade - exposed industries, 2020 carbon tariff on importsCarbon tariff on importsReferences: Barack Obama, 2007; Barack Obama, 8/3/08; Pew Center, 6/26/09; leaked drafts of American Power Act, 5/11/10.
For example, an «energy security fee» of $ 3.50 per barrel of imported
oil would raise approximately $ 15 billion annually; reduced fossil fuel subsidies as proposed by the administration could generate upwards of $ 35 billion
over ten years; a utilities electricity fee could raise at least $ 2 billion annually, as included in the Kerry - Lieberman American Power Act; and royalties on new
offshore continental shelf
drilling could raise more than $ 100 billion
over twenty years.
While the political fight
over the now - vivid environmental threat attending
offshore oil drilling plays out, it remains clear that the country's lawmakers are not remotely engaged in the multi-pronged energy quest that would be required to move the world toward a non-polluting, yet prosperous future.
Unfortunately, this plan calls for expanding
offshore oil drilling to
over 90 percent of our coastal waters!
Supply, cost, environmental consequences - these are among the central features of debate
over energy policy in the U.S. Those who want to open up more areas to
drilling - on land and
offshore - and expand the use of fracking to extract natural gas from deep underground argue that we must reduce our dependence on foreign
oil.
The national survey by Pew Research Center, conducted March 27 - April 9 among 2,541 adults, finds pockets of partisan agreement
over expanding solar and wind power, though wide political divides remain
over increasing fossil fuels through such methods as coal mining, hydraulic fracturing and
offshore drilling for
oil and natural gas, a pattern consistent with a 2016 Pew Research Center survey.
It expanded extraction using hydrofracturing in tar sands to increase activity in
offshore oil drilling all
over the world, thereby maximizing its rate of fossil fuel extraction and processing.
WASHINGTON, D.C. — A new
offshore oil and gas plan from the U.S. Department of the Interior blocks two
drilling leases in the Arctic, but allows a new lease in Alaska's Cook Inlet and 10 new leases in the Gulf of Mexico
over the next five years — a step that will worsen climate change by ensuring significant greenhouse gas pollution for the next 70 years.
Moreover, the legislation puts the interests of the
oil and gas lobby
over millions of citizens, thousands of businesses and hundreds of coastal communities who spoke out against new
offshore drilling during the federal government's extensive planning process.
As the House of Representatives just approved a new energy package which contains provisions to allow some
offshore oil drilling, it may seem to be a moot point to go into a discussion of where John McCain and Barack Obama stand on the issue, but as there are still legislative hurdles to be cleared before any law is actually passed on the matter, it's worthwhile to go
over their positions.