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the same day Rex Tillerson is confirmed, House votes to kill a transparency rule for oil companies
http://www.vox.com/energy-and-environment/2017/2/1/14459630/congressional-review-act-obama-regsOn Wednesday, Republicans in Congress will get started dismantling President Barack Obamas environmental legacy deploying a rarely used tactic to overturn two big federal regulations around coal mining and methane leaks (as well as three other rules).
The background here is that it would be tricky and time-consuming for the Trump administration to repeal many Obama-era regulations all by itself. But Congress can easily wipe out a subset of Obamas agency rules using the 1996 Congressional Review Act, which allows the House and Senate to nullify any recently finalized federal regulation[font color="red"] by a simple majority vote in both chambers[/font] so long as the president agrees.
What counts as recently finalized here gets complicated, but Congress can basically use the CRA to repeal any rule finished by Obama after mid-June 2016 a list that spans more than 50 major regulations. This week, the GOP will focus on killing two big environmental rules plus three others:
1. The stream protection rule for coal mining. This regulation, finalized in December 2016, would sharply restrict coal-mining companies from dumping debris and waste into nearby waterways in the future. Also, before starting a new mine, coal companies would have to develop a plan and set aside money to restore affected streams once finished. Advocates say the rule is crucial to protect fragile ecosystems and limit the dumping of toxic heavy metals into water supplies. But the coal industry which is already in sharp decline says it would put large swaths of the nations untapped coal reserves off-limits and further crunch mining companies.
2. The methane waste rule. This Department of Interior regulation, finalized in November 2016, would require oil and gas companies to reduce methane leaks from operations on federal and tribal lands. Instead of just flaring it or letting it waft into the air, companies would have to capture the methane and sell it off. This rule was a component of Obamas climate plan, which aimed to reduce emissions of methane a powerful greenhouse-gas from oil and gas drilling 40 percent by 2025. But the oil industry preferred this be regulated at the state level (which is typically looser).
3. The resource extraction rule. This SEC regulation, finalized in June 2016, would require publicly traded oil, gas, and mining companies to disclose payments they make to foreign governments. It was done under the auspices of the 2010 Dodd-Frank financial reform bill. Its supporters say the increased transparency would deter corruption from oil companies working abroad. But oil companies hate it when Trumps new Secretary of State Rex Tillerson was head of ExxonMobil, he flew to DC to lobby against it, arguing it would put US energy companies at a competitive disadvantage.
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the same day Rex Tillerson is confirmed, House votes to kill a transparency rule for oil companies (Original Post)
Bill USA
Feb 2017
OP
Initech
(100,080 posts)1. Fuck the energy industry.
These assholes have been bleeding us dry for too long, and now they're back in the White House to finish the job. Fuck them.
Bill USA
(6,436 posts)2. Trump will give them the gift they want: kill our committment to renewable energy, esp renewbl fuel
2naSalit
(86,647 posts)3. We need to stop being so receptive to them
separating us from our hard earned $$!
F them!