Tag Archives: Oil

The Path to Progress: Ending Fossil Fuel Subsidies (The Nation)

May 18, 2012

By Peter Rothberg Last week, Senator Bernie Sanders and Representative Keith Ellison launched a new piece of legislation that would repeal $113 billion of tax-breaks, handouts and subsidies for the fossil fuel industry over the next ten years. Currently, the fossil fuel industry is generously subsidized despite the fact that it’s already the most profitable […]

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Editorial: Time for a new approach (Brattleboro Reformer)

May 16, 2012

Vermont’s independent senator Bernie Sanders introduced legislation recently that, if passed, could kill the proverbial two birds with one stone: Reduce the federal deficit and help wean us off our over-dependence on fossil fuels. Last week, Sanders and U.S. Rep. Keith Ellison, D-Minn., introduced the End Polluter Welfare Act in the House and Senate. Sanders […]

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Lawmakers Urge U.S. Court to Uphold CFTC Speculation Limits (Bloomberg News)

April 13, 2012

By Silla Brush Wall Street’s challenge to U.S. regulations limiting speculation in commodities including oil and natural gas should be dismissed because Congress required the rules under the Dodd-Frank Act, 35 Democratic Senators and Representatives said in briefs submitted to a federal judge. The 2010 Dodd-Frank law “was designed and intended to make those position […]

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Senator presses Obama on futures trading curbs (Reuters)

April 3, 2012

By Alexandra Alper A Democratic senator urged President Barack Obama not to renominate the top U.S. commodities regulator unless he quickly implements trading curbs intended to dampen speculation and reduce fuel costs for Americans. Florida Senator Bill Nelson in a letter dated Tuesday sought swift action by Commodity Futures Trading Commission chief Gary Gensler to […]

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