Thursday, July 26, 2012

House GOP rejects Obama plan for offshore drilling

In an election-year swipe at President Barack Obama's energy policies, the Republican-led House on Wednesday voted to revoke Obama's five-year plan for offshore drilling, replacing it with its own plan that calls for more ambitious oil and gas development off the U.S. coast.
The legislation will likely go nowhere in the Senate and the White House has issued a veto threat, but as with the tax and regulatory bills the House is also taking up this month, it puts lawmakers on the record on the issues that divide the two parties.
Rep. Doc Hastings, R-Wash., chairman of the Natural Resources Committee, said the bill would offer lawmakers a choice between Obama's restrictive plan and the far more expansive Republican version that opens up areas off the Atlantic and southern California for drilling.
The Republican proposal passed 253-170 with 25 Democrats supporting it. The House also voted 261-164 to reject the president's plan.
The Interior Department on June 28 announced its 2012-2017 offshore oil and gas leasing program that schedules 12 potential lease sales in the Gulf of Mexico and three off the coast of Alaska. The White House, in its veto threat issued earlier this week, said its plan makes available for development more than 75 percent of estimated, technically recoverable oil and gas resources in U.S. oceans.

No comments: