facebooktwitterRSS
- Advertisement -
- Advertisement -
 

« News Home

Obama: Cut tax breaks for oil companies



Published: Thu, June 3, 2010 @ 12:00 a.m.

Associated Press

PITTSBURGH

President Barack Obama pressed Congress to scrap billions in oil-company tax breaks and pass legislation to help the nation kick a dangerous “fossil-fuel addiction” Wednesday, trying to channel disgust over the worsening oil disaster into a force for clean energy.

Seeking opportunity in a crisis, Obama argued for action in Congress as crews struggled into a seventh week to contain BP’s mangled oil well in the Gulf of Mexico.

He urged lawmakers to shift the tax-break money toward clean-energy research and approve a major energy bill, now stalled in the Senate, that would slap a price on carbon emissions.

Among the costs of oil dependence, Obama said in a speech at Carnegie Mellon University, is the risk that comes with drilling deep below offshore waters to find oil. He received sustained applause when he said, “We have to acknowledge that an America that runs solely on fossil fuels should not be the vision that we have for our children and grandchildren.”

Copyright 2010 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


Don't Miss a Story

Sign up for our newsletter to receive daily news directly in your inbox.

News
Opinion
Entertainment
Sports
Services
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2016 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes