The House of Representatives passed a major energy bill today by a vote of 275-156. The bill was supposed to diversify future energy sources, improve an antiquated electricity grid, and encourage energy conservation. It does nothing of the sort.
This 1,725-page bill provides $14.5 billion in energy tax breaks, mostly to traditional energy companies. In other words, they created a piece of legislation so complicated that no honest representative could possibly find the time to read, and then filled it with kickbacks to existing energy companies. Rather than encouraging diverse, home-grown, environmentally friendly energy source - as is claimed - all they’re really doing is feeding more money to the already super-wealthy corporations that rape our planet and pollute our air.
According to the Associated Press article:
The bill would funnel $2.7 billion in tax breaks to the oil and gas industries and provide additional support in form of royalty relief, including $500 million over 10 years for research into drilling in extremely deep areas of the Gulf of Mexico.
Never one to miss a golden opportunity, Tom DeLay even slipped a $1.5 billion giveaway into the energy bill for the oil industry, Halliburton, and Sugar Land, Texas. The provision was inserted into the legislation after the conference was closed, so members of the conference committee had no opportunity to consider or reject this measure.
Representative Joe Barton (R-Texas) declared “This is a good bill for America.”
The bill also includes a provision for a nationwide inventory of offshore oil and gas resources. The only imaginable use for such a provision is to pave the way for drilling in areas currently considered to be off-limits.
The Senate version of the energy bill passed by the Senate included a provision to require the President to find ways to reduce U.S. oil demand by 1 million barrels a year by 2025, but the bill passed by the House completely abandoned that provision due to strong opposition from Republicans in the House.