U.S. HOUSE AXES RULES TO PREVENT CORRUPTION, POLLUTION...

U.S. President Donald Trump is greeted by Vice President Mike Pence and House Speaker Paul Ryan (R) as he arrives to speak at a congressional Republican retreat in Philadelphia, U.S. January 26, 2017. REUTERS/Jonathan Ernst

 

Two major U.S. rules aimed at curbing corruption and pollution in the energy sector may be entirely wiped from the books by next week, after the Republican-led House of Representatives on Wednesday voted to repeal them...

The Senate is expected to take up repealing the rules, both of which were years in the making, as soon as Thursday.

Under the virtually untested Congressional Review Act, the Republican-led Congress can vote to permanently undo newly minted regulations. Agencies cannot revisit overturned regulations and timing in the law means any regulation enacted in the Obama administration's final months are eligible for axing.

Required by the 2010 Dodd-Frank Wall Street reform law, the Securities and Exchange Commission's "extraction rule" was approved this summer to require companies such as Exxon Mobil Corp and Chevron Corp to publicly state the taxes and other fees they pay to governments.

Exxon, and other major energy corporations, fought for years to keep the rule from seeing the light of day. After a series of legal battles the SEC in June 2016 finally completed the rule, which supporters say can help expose questionable financial ties U.S. companies may have with foreign governments.

During Wednesday's debate, Representative Maxine Waters, the senior Democrat on the House Financial Services Committee, raised concerns that Exxon's CEO during those fights was Rex Tillerson, just confirmed in the top diplomatic post of Secretary of State. During Tillerson's confirmation hearings, he raised Democrats' hackles by saying he did not know Exxon lobbied against U.S. sanctions on Russia, where he did business for years.

Republicans say the rule is burdensome and costly for energy companies, and also duplicates other long-standing regulations.

On the House floor Republican Jeb Hensarling, chairman of the Financial Services Committee, called the rule part of "a radical leftist elitist agenda against carbon-based jobs."

The stream buffer rule is intended to lessen the amount of waste from mountain-top removal coal mining deposited in local waterways.

Republican lawmakers, though, say it is hurting coal jobs by placing unworkable limits on the industry. Democrats, on the other hand, say it cuts down on water pollution.

Republicans consider loosening regulation as high a priority as dismantling the Affordable Care Act and rewriting the tax code, according to Kevin McCarthy, the second most powerful Republican in the House.

On Thursday, the House will vote on repealing three other rules - on methane on public lands, expanding background checks for some gun purchases, and requiring federal contractors to post information on their workers.

In recent weeks, the House has also passed bills to slow down regulatory processes and President Donald Trump, a fellow Republican, has issued executive orders trying to shrink the government bureaucracy.

By Lisa Lambert | WASHINGTON

Wed Feb 1, 2017 | 6:56pm EST

(Reporting by Lisa Lambert, additional reporting by Sarah N. Lynch; Editing by Lisa Shumaker)

source: http://www.reuters.com/

original story HERE

 

New Climageddon book: Click here for Information on the new Climageddon book about the global warming emergency and what you can do.

Share Blog Post: If you would like to share this blog post on Facebook or in other ways go back to the original short version of this blog posting and look to lower right for the large green Share button.

Get Global Warming Blog RSS Feed: Sign up for free Global Warming Blog RSS feed by clicking here

Sign Petition: Sign petition to declare an international global warming State of Emergency, click  here!

To see our: most current positions, opinions, comments, agreement or disagreement with this article, and/or possible criticisms related to the subjects or facts in the above article, click here. 

Sign Up for Our Free Global Warming Blog RSS feed by clicking here. About once a week you will automatically get all the best blog stories of the week. (The blog now has thousands of articles.)

Share This Blog Post: If you would like to share this blog post, go to the original shorter version of this post and look to lower right for the large green Share button. Ask them to sign up too for the Global Warming Blog.

Click here for information on the groundbreaking and disruptive new Climageddon book. It is about the global warming emergency and what you can do to help end it!
To View Our: current positions, opinions, agreement or disagreement with this blog article or its facts, click here.

Be the first to comment

Please check your e-mail for a link to activate your account.
Sign Up For Newsletter Take Action Donate

David Pike, Editor