As Republican talk on the campaign trail intensifies about cutting billions of dollars in drilling tax breaks, the industry's main trade group on Thursday made clear that Big Oil is not yet ready to embrace the loss of deductions in return for lower corporate rates.
"We understand that during the dynamic of a tax reform scenario, the industry will be impacted, just given the size and scope of our industry," said Brian Johnson, senior tax adviser at the American Petroleum Institute, during a media briefing.
With new momentum in his race for the White House, Mitt Romney is moving to highlight his opposition to President Barack Obama's green energy and oil drilling policies, with some fresh help from his allies in Congress.
Polling has not shown voters to rank energy issues among their top concerns, despite high gasoline prices.
Riding off his debate performance last week, Mitt Romney took questions with Gov. Chris Christie about energy policy and other issues at a town hall meeting in order to gain ground in Ohio, The Hill reports.
SWANTON, Ohio (AP) — Mitt Romney's administration on Day One would approve a pipeline that would run from Canada to U.S. refineries in Texas, creating thousands of jobs and pushing America on its way to energy independence, Republican vice presidential candidate Paul Ryan said Monday.
In a debate against Mitt Romney's domestic policy adviser, White House energy aide Joseph Aldy said that the possibility of a carbon tax would be depend more on whether Republicans would be willing to negotiate the issue, The Hill reports.
Critics complain that proposals to increase security of the nation’s power grid, drafted by the industry in the wake of an attack on a California substation last year, won’t do enough to stop anyone intent on sabotage, The Wall Street Journal reports.
Voters are getting a break from unrelenting negative ads by interest groups as the 2014 campaign cranks up, The New York Times reports, noting that 16 percent of the ads run by the Koch brother’s Americans for Prosperity thus far have been positive.
Lawmakers coming under attack for opposing the proposed Keystone XL pipeline will get support for their campaigns from Tom Steyer, according to an open letter the activist published Thursday, The Hill reports.
The Environmental Protection Agency, under court order to issue a regulation protecting fish from water temperature changes caused by power plants, is delaying doing so by another month, pushing the move back until May, The Hill reports.
It’s “tragic” that “so little has been done” to advance chemical safety in the year since the deadly ammonium nitrate blast in West, Texas, AFL-CIO President Richard Trumka said Thursday, The Hill reports.
The Energy Information Administration found that natural gas stockpiles last week increased only 24 billion cubic feet, much less than expected, which triggered the biggest price jump in more than two months on fears that what was depleted during a frigid winter may not be replenished, The Wall Street Journal reports.
A spokeswoman for outgoing Health and Human Services Secretary Kathleen Sebelius said she is not interested in the Senate seat currently held by Republican Sen. Pat Roberts of Kansas, dispelling talk that she might run, The New York Times reports.
A solar summit at the White House, headlined by Energy Secretary Ernest Moniz and senior advisor John Podesta, brought an announcement of $15 million set aside for state, local and tribal authorities to use to develop solar and other projects that could help the fight against climate change, The Hill reports.