Sen. John Cornyn of Texas said the fall legislative session will likely be bogged down with spending and debt ceiling debates, but there are legislative efforts in the works to expand natural gas exports and lift a ban on shipping crude oil overseas.
The latest findings mark an “important piece in the chain of evidence” linking an uptick in deaths since early 2010 to the BP oil rig disaster that spewed more than 200 million gallons of crude oil into the Gulf of Mexico, researchers said.
The company announced a major restructuring of the business last December that includes 1,000 job cuts and a reduction in business segments to five from 16 that it said will result in a $200 million annual cost reduction.
McCarthy’s pledge comes amid anxiety over the Obama administration’s push to sharply reduce carbon dioxide emissions from the power sector while rapidly expanding the use of cleaner-burning natural gas, wind and solar.
No fewer than three U.S. oil executives attending IHS Energy CERAWeek have said government regulations need to be based on science, not public sentiment. Yet not one of them talked about the scientific consensus acknowledging global climate change.
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