Senate Panel Head Says Clean Energy Bill, Oil Subsidy Repeal Unlikely

"The chairman of the Senate Energy and Natural Resources Committee is casting doubt on prospects for President Obama's proposed "clean energy" standard that would require utilities to source a certain percentage of their electricity from renewable sources by 2035.

New Mexico Democrat Sen. Jeff Bingaman also said a bill headed to the Senate floor this week that would ax tax breaks for the largest oil companies is certain to fail."

Katie Howell reports for Greenwire May 16, 2011.

Tuesday, May 17, 2011