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People & Business :: Green Issues

January 24, 2007

House Clean Energy Act Preserves Tax Breaks for Chemical Firms

Kara Sissell

The House voted 264 to 163 last week to pass the Clean Energy Act of 2007, which would increase royalties oil firms must pay to the U.S. government. The bill also will end tax credits that oil companies had received under the 2004 Jobs Creation Act, but...

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