Members of Congress this week are working on a deal over a government spending bill. A key item on the table is an end to the ban on oil exports.
As Bloomberg BNA’s Ari Natter reports, Republicans want to end the ban, while some Democrats are looking to make a deal in exchange for their support. Democrats’ priorities include a long-term extension of the wind production tax credit and the solar investment credit.
Some lawmakers also want to see a tax credit for refiners, who oppose lifting the ban. The Energy Information Administration reported an end of the ban would lower refiners’ profits by $22 billion a year in 2025. Sen. Tom Carper (D-Del.) has proposed a tax credit for independent refiners. Another proposal would increase the manufacturing tax credit refiners can collect.
Also this week, at least two hearings are planned off Capitol Hill on the climate deal reached in Paris over the weekend (Bloomberg BNA coverage for subscribers here):
The Henry L. Stimson Center will host a discussion on "The Asia-Pacific Rebalance: The Role of Development in Building a Climate-Resilient Asia,” at 10 a.m. Tuesday, 1211 Connecticut Ave. NW, Washington.
And White House National Security Council Senior Director for Energy and Climate Change Paul Bodnar and WRI President Andrew Steer will speak at the Woodrow Wilson Center at 3 p.m. Wednesday on "Beyond the Paris Climate Talks: What Was Achieved and What Remains to be Done?" It takes place at the Ronald Reagan Building and International Trade Center, 1300 Pennsylvania Ave., NW, Washington.
On the Hill, Sen. James Inhofe (R-Okla.), chairman of the Senate Environment and Public Works Committee and one of the Republican lawmakers who oppose action on climate change, said he’d hold an oversight hearing on the agreement early next year.
OTHER ENERGY AND ENVIRONMENT EVENTS THIS WEEK:
FERC MEETING: The Federal Energy Regulatory Commission holds its December meeting Thursday.
NUCLEAR FUSION: The American Security Project holds a briefing at noon Tuesday on what's next in fusion energy with MIT Professor Dennis Whyte, General Fusion's VP Michael Delage, HyperV Technologies Corp. Chief Scientist and President Douglas Witherspoon and Tri Alpha Energy Senior VP Richard Barth. Location: 385 Russell Senate Office Building.
By Renee Schoof
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)