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New Congress Takes Up Energy Issues

Law360 (January 8, 2007, 12:00 AM EST) -- The Democratic Congress has only been in power a few days, but already it is planning changes that may overhaul the energy industry.

In the Senate, for example, Majority Leader Harry Reid (D-Nev.) has introduced a bill that would increase vehicle fuel efficiency, cut oil industry subsidies, appropriate more funds to renewable energy and address global warming.

Meanwhile, Speaker Nancy Pelosi (D-Calif.) and other Democratic leaders in the House of Representatives are working to pass their own initiatives. Though they have yet to reveal the exact...
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