Energy Bill Passes House But Bush Promises Veto

Law360 (September 17, 2008, 12:00 AM EDT) -- The U.S. House of Representatives passed a sweeping energy bill on Tuesday that would remove a 25-year-old ban on offshore oil drilling, but the White House vowed to veto the legislation and criticized it as a barrier to development.

The bill failed to fulfill its mission of increasing energy access and instead would enact provisions to “stifle development,” such as blocking oil exploration in some of the Outer Continental Shelf and increasing taxes on energy companies, a statement of administration policy said.

The White House further...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.