Friday, July 2, 2010 9:04 AM
Need-To-Know Memo, July 2
By Amy Harder, NationalJournal.com
1) Some experts in the manufacturing sector are worried about how a utilities cap on carbon emissions could hurt their industry (Environment & Energy Daily -- subscription).
2) Climate and energy legislation appears to be in "no man's land" as senators leave for the Independence Day recess (Politico). One problem is that moderate senators whose votes are essential for passage favor a variety of options, leaving no bill with enough support (CongressDailyAM -- subscription).
3) The Obama administration will issue a new moratorium on deepwater drilling in the Gulf of Mexico in the next few days (The Hill). If the moratorium is extended, the International Energy Agency's top chief says oil rigs idled in the gulf should move elsewhere (Reuters). Meanwhile, a Spanish oil company has plans to drill off Cuba, about 60 miles from Florida's coast (Wall Street Journal).
4) BP could reap nearly $600 million in federal tax credits this year for blending gasoline with corn ethanol (CongressDailyAM -- subscription).
5) The Coast Guard and EPA ramped up their oversight of BP's trash disposal related to the cleanup efforts in the gulf. The disaster has generated almost 4,000 tons of solid waste so far (AP).
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