Tuesday, July 6, 2010 9:06 AM
Need-To-Know Memo, July 6
By Amy Harder, NationalJournal.com
1) The Obama administration has embraced Bush-era offshore drilling policies it once criticized (Wall Street Journal).
2) Since the beginning of its oil spill cleanup efforts in the Gulf of Mexico, "BP has skimmed or burned about 60 percent of the amount it promised regulators it could remove in a single day" (Washington Post). The oil spill has cost the company more than $3 billion so far (The Hill).
3) The federal Fish and Wildlife Service signed off on the Minerals Management Service's finding that deepwater drilling in the gulf "posed no significant risk to wildlife" (New York Times). Oil has now been found on all five gulf states' coasts (AP).
4) The House last week approved $18 billion in loan guarantees for nuclear, renewable and energy efficiency projects (Energy Daily -- subscription).
5) American Values Network, Operation Free and Clean Energy Works are running ads in support of comprehensive energy and climate legislation. The Democratic National Committee is running ads on House Republican Joe Barton's apology to BP. And the American Petroleum Institute is running ads against new taxes and fees oil companies could face if offshore drilling legislation passes (Politico).
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