Clean Energy Act 2007 Survives New Mexican Assault

“The San Francisco Democrats want to run cars with wind”, said Congressman Steve Pearce in a statement opposing the Clean Energy Act of 2007 which would repeal tax breaks for the oil industry and order the Bush Administration to collect past royalties on federal oil and gas leases in the Gulf of Mexico. Pearce wants to preserve corporate welfare for oil and gas extraction by large energy companies which came in the form of tax breaks for Big Oil and was awarded by Congress in 2004 at a time of unprecedented profits in the industry. Despite Pearce’s objection the Bill passed the House. CLICK HERE to be redirected to full post