Thursday, July 15, 2010 9:19 AM
Need-To-Know Memo, July 15
By Amy Harder, NationalJournal.com
1) Moderate Democrats must support a climate and energy bill in order for it to pass, yet they seem increasingly opposed to it (CongressDailyAM -- subscription). President Obama's top energy and climate aide, Carol Browner, indicated the White House would support a carbon price on power plants only (New York Times).
2) The utility industry and environmentalists can't agree on a utility-only approach to capping emissions, which could derail the talks (Politico). Utilities, which are wary of being singled out anyway, say a system that targets their sector would result in higher energy costs (The Hill).
3) A House committee is set to approve an oil spill bill this morning that, among many things, creates a congressional commission to investigate the Gulf of Mexico disaster and prohibits oil companies with bad safety records from obtaining permits (CongressDailyAM -- subscription). Meanwhile, BP is working to repair a faulty valve on the new cap it placed over its leaking well (AP).
4) Citing a new Congressional Budget Office report, Senate Energy and Natural Resources Chairman Jeff Bingaman, D-N.M., indicated Wednesday that he may not support extending tax credits for ethanol blenders (CongressDailyAM -- subscription).
5) President Obama travels to Michigan today to tout the stimulus's benefits to the electric battery industry, but so far those don't seem to be happening (Washington Post).
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