Rancorous

Senate Passes Sweeping Industry-Friendly Energy Bill

Ending six weeks of arduous and sometimes rancorous debate, the Democrat-led Senate last Thursday passed sweeping energy legislation, the Energy Policy Act of 2002, that dangles “carrots” in front of pipeline companies to build an Alaskan natural gas transportation system, gives small producers multi-billion dollar tax breaks to spur domestic oil and gas production, increases renewable fuel use and production, and offers reforms to further enhance competition in the electricity markets.

August 4, 2003