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US House Okay's Bill To Tax Big Oil, Help Renewables

Reuters: The US House of Representatives Wednesday voted to repeal $18 billion in tax breaks for big oil companies to help pay for developing renewable energy sources. The bill, which the White House has threatened to veto on grounds that it unfairly targets the oil industry, would extend tax credits for producing energy from wind, solar, geothermal, cellulosic ethanol, biofuels and other renewable sources. The measure passed in a 236-to-182 vote. House Democrats said oil ... Read »
Created by deep Created 26 weeks 1 day ago – Made popular 26 weeks 1 day ago
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