Friday, July 16, 2010 8:54 AM
Need-To-Know Memo, July 16
By Amy Harder, NationalJournal.com
1) Senate Majority Leader Harry Reid, D-Nev., may need to convince the liberal members of his caucus to support an energy-only bill or risk losing even that (CongressDailyAM -- subscription).
2) Democrats are running out of time to pass a climate and energy bill (Environment & Energy Daily -- subscription). Moderates from both parties still aren't budging (Politico). Utilities and environmentalists have big hurdles to jump in order to come to an agreement on a carbon pricing system (The Hill).
3) A House committee could mark up as soon as next week a $22 billion-plus package of energy taxes, including an extension of the ethanol tax credit (CongressDailyPM -- subscription).
4) Senate Democrats are seeking to eliminate billions of dollars' worth of tax breaks to the oil and natural gas sector, but Republicans and the industry are lobbying hard against it (Politico).
5) BP's damaged oil well has now stopped leaking, the British oil giant said Thursday (New York Times). The well leaked an estimated 2.3 million to 4.5 million barrels of oil into the Gulf of Mexico for nearly 90 days (Washington Post).
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