Friday, June 18, 2010 9:47 AM
Need-To-Know Memo, June 18
By Christopher Snow Hopkins, NationalJournal.com
1) "Senate Democrats failed to reach consensus on climate change legislation after hearing three different presentations Thursday" (CongressDailyAM -- subscription). It has become increasingly clear that a cap-and-trade price mechanism is not politically viable (Energy & Environment Daily -- subscription).
2) BP CEO Tony Hayward apologized Thursday to members of the House Energy and Commerce Committee for the oil spill in the Gulf of Mexico, but he maintained that he was not involved in the decisions leading up to the accident (Wall Street Journal).
3) House Republican Joe Barton's apology to BP over an administration "shakedown" -- and his subsequent retraction after several hours of attacks from all sides -- have touched off a new political battle (New York Times).
4) White House climate adviser Carol Browner suggested that BP may eventually have to pay more than the $20 billion it has set aside to cover the costs of the spill (Bloomberg).
5) "Senate Democrats" on Thursday "failed in their attempt to cut off debate on a tax extenders package that includes a 49-cent-per-barrel oil tax to boost the oil spill liability fund and an extension for several energy tax credits," (Energy & Environment Daily -- subscription).
6) "The Environmental Protection Agency said on Thursday that it would wait until September to decide whether car engines can handle higher concentrations of ethanol in gasoline" (AP).
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