Friday, May 7, 2010 9:22 AM
Need-To-Know Memo, May 7
By Christopher Snow Hopkins, NationalJournal.com
1) The House passed Home Star on Thursday, advancing a federal initiative that promotes energy efficiency and may create as many as 170,000 jobs over the next two years, supporters say (AP).
2) BP is lowering a 98-ton container to the sea floor in order to capture oil gushing from a ruptured well in the Gulf of Mexico. Company officials told reporters that they were embarking on an experimental procedure (New York Times).
3) The Minerals Management Service, the federal agency responsible for overseeing offshore drilling, has ceded responsibilities to the oil industry over the course of the last decade, according to a Wall Street Journal examination.
4) House Speaker Nancy Pelosi, D-Calif., said Thursday that even increasing the liability cap for offshore drilling disasters to $10 billion (from $75 million) might not cover BP's liability in the gulf (The Hill).
5) Sen. Lindsey Graham, R-S.C., said Thursday that climate and energy legislation faces a significant setback from the current catastrophe (CongressDailyAM -- subscription).
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