Tag Archives: BP

288 reasons to fight


First they tried to shut down the government to defund women’s health.

Then two weeks ago they passed a budget that demolishes Medicare.

And all the while, GOP leaders in both houses are still pushing to give more huge tax cuts to big corporations that ship American jobs overseas — including handouts to Big Oil even before the first anniversary of BP’s Gulf Coast disaster.

There are reasons we need to keep fighting. In fact, 288 Republican members of the House and Senate mean we have 288 reasons. And if we aren’t strong enough or committed enough to stop their agenda, we will lose our country as we know it.

Your support is crucial as we challenge the Republican Party for the future of our nation. Help us fight their agenda by contributing $10, $20, $35, or more right now.

My biggest focus as I lead the Senate majority is helping families across the country weather this recession. There still are obstacles. College costs are rising faster than paychecks, too many Nevadans are still out of work, and not even our veterans are immune to falling on hard times — and just one homeless veteran is one too many.

These challenges tell us that we must do better. But we can’t reach the kind of success America is known for so long as Republicans in the House and Senate continue to line the pockets of their corporate buddies while letting their Tea Party wing lead an agenda of partisan wedge issues.

Our opposition is strong. There are 288 of them. They’re well-financed, and they have the resources to wreak havoc on our nation’s future if we don’t succeed in stopping them.

I know there’s still fight left in us. Chip in $10 today because there are 288 reasons we can’t stop standing up for what we know is important.

Thanks for everything,

Harry Reid

Energy: The Costs Of Fossil Fuel Dependence


Reminding us all how dangerous the dependence on fossil fuel can be, yesterday marked the one-year anniversary of the BP Deepwater Horizon disaster in the Gulf of Mexico — the”greatest man-made disaster” since the Sept. 11, 2001, attacks on the World Trade Center — which resulted in the loss of eleven men, crippled the livelihood of Gulf residents, and severely deteriorated the Gulf’s fragile ecosystem. A government-backed study found last month that the blowout preventer — a cutting device that shears and seals the pipe of a leaking well — failed on the Deepwater Horizon, resulting in the release of nearly five million barrels of oil into the Gulf. The detrimental effects of the BP disaster — such as its grave contribution to global warming — have prompted both retired Coast Guard Adm. Thad Allen, who oversaw the Obama administration’s response to the disaster, to warn that [t]here’s no such thing as risk-free drilling,” and Rep. Ed Markey (D-MA) to question the safety of deepwater drilling in the Gulf. The month of April provides yet another grim warning of the perils of dirty energy: the one-year anniversary of the Massey coal mine disaster, which tragically claimed the lives of 29 miners. But just yesterday, on the BP disaster anniversary, Pennsylvania got a haunting reminder of the potential dangers of drilling for fossil fuels when a natural gas well blew, causing a major leak of fracking fluid — a mixture of sand, water, and undisclosed chemicals that pose significant threats to underground water supplies.

A YEAR AFTER THE SPILL: Breaking a one year moratorium on political donations, a campaign finance report filed with the Federal Election Commission on Tuesday details BP’s campaign contributions to climate zombies House Speaker John Boehner (R-OH), House Majority Whip Kevin McCarthy (R-CA) and the leader of the climate-deniers Fred Upton (R-MI) — among others. Noticeably, all but one of BP’s political contributions were for Republicans. After writing off the losses incurred from the tragedy they created, BP received nearly a $10 billion dollar credit on their 2010 federal tax return — compare that to the EPA’s annual budget of $10.5 billion in 2010. Moreover, the president of BP’s Alaska unit asked the state to lower its oil production taxes to boost investment in the Trans Alaska Pipeline System. Even worse, despite the country’s month-old civil war and confrontation with Western governments, BP is still planning to move forward with drilling in Libya. Kenneth Feinberg, administrator of BP’s $20 billion claims fund for victims of the spill, has faced sharp criticism for the slow pace of payments to Gulf residents, and has been found to be financially tied to BP, as documents show that BP pays Feinberg’s law firm $1.25 million a month for his services. Adding insult to injury, the Gulf coast ecosystem is still reeling from the disaster. The National Wildlife Federation reported this month that the BP disaster contaminated 3,000 miles of beach, wetlands, and that new “tar balls” are washing up on the shores every day. Sixty-five dead baby dolphins have been found in the Gulf region — five times higher than the average — and the National Audubon Society has warned that the spill continues to threaten many endangered migratory species< in the Gulf. As CAP warned last year, the impact of the spill on the health of Gulf region residents has also been quite noticeable. James Diaz, director of the environmental and occupational health sciences program at Louisiana State University Health Sciences Center in New Orleans, said that [w]e’re seeing patients who will come in and say my nose is bleeding all the time, my cough gets worse.” Diaz said that he knows “a lot about the acute health effects of the compounds in petroleum because it’s a major industry” in the Gulf region, and that he is “seeing a lot of” coughing, watery eyes, itchy eyes, nosebleeds, and sneezing — all symptoms of exposure to crude oil.

MINING BLACK DEATH: A federal probe concluded in March that a trapped piece of drill pipe stopped a key failsafe device from sealing off the blown oil well, which lead to a methane explosion on the Deepwater Horizon oil rig and its collapse into the Gulf of Mexico. With nearly a total of five million barrels of oil spilled into the Gulf, the BP disaster wreaked havoc on the environment, caused overall tourism and consumer spending to drop 40 percent, and is the world’s worst accidental offshore oil spill in history. The mining of coal has also brought devastation. A Mine Safety and Health Administration investigation found that the mixture of accumulated, highly explosive coal dust and methane gas set the stage for a blast of astonishing power in Massey’s Upper Big Branch coal mine in West Virginia, which caused the death of 29 coal workers The Massey coal mine accident is the worst mining disaster in the US in the last 4 decades. But the accident came as no surprise, as four of Massey’s coal mines in 2009 had injury rates more than double the national average, Massey’s Freedom Mine in Kentucky was shut down by federal regulators, and even the Upper Big Branch mine — the location of the disaster — had more closure orders than any other mine in the nation.

SAFETY SACRIFICED FOR ENERGY: Oil and coal workers continually risk their lives for our dependence on dirty energy. “Coal mining is a dangerous profession,” CAP’s Daniel J. Weiss and Valeri Vasquez write, and results in “[e]xplosions, fires, and collapsed mine shafts [that] have killed at least 3,827 miners since 1968 — not to mention thousands of others who have suffered from pulmonary diseases and other work-related injuries.” Oil workers are not exempt from the danger, as “[t]here have been 77 fatalities and 7,550 injuries at onshore and offshore oil production facilities since 1968,” write Weiss and Vaquez. Totaling at 7.5 million barrels of oil, spills related to these accidents have wreaked havoc, causing billions of dollars of environmental and economic damage. Following the BP disaster, 101 oil-spill-related bills were introduced by the 111th Congress, but to date, zero have been enacted. And instead of hitting the brakes after the disastrous spill, House Republicans have accelerated the oil drilling permitting process in Gulf. Citing the resoundingly disproven concept that additional offshore drilling will lower domestic gas prices, Rep. Doc Hastings (R-WA) has brought a bill to the House that ” would dramatically accelerate the permitting process in the Gulf of Mexico and require the Secretary of the Interior to open portions of the heretofore untouched outer continental shelf in the Atlantic, Arctic, and Pacific Oceans to more drilling,” writes CAP’s Michael Conathan. The top Democrat on the House Natural Resources Committee Rep. Ed Markey (D-MA), on the other hand, advocates that oil companies use their thousands of existing, undeveloped leases in the western Gulf of Mexico first or lose them. Markey has also called for an immediate inspection of whether blowout preventers — cutting devices that seal the pipe of a leaking well and failed during the BP spill — could ever be counted on. And two bills introduced in the House and Senate would establish “legislation mandating 80 percent of BP’s Clean Water Act fines that will ultimately come due as a result of this spill—likely to total between $4.3 billion and $16.9 billion—be sent directly to the Gulf Coast to repair the damage done to both the environment and the economy,” writes Conathon. But West Virginia hasn’t fared any better, as the state has failed to pass any mine safety package after the Massey disaster. Finally, as Weiss and Vasquez point out, the US needs to make significant investments in “clean, noncombustible renewable energy sources” — such as solar panels and wind farms — citing that they “are much less susceptible to large, catastrophic disasters such as the Massey and BP Deepwater Horizon tragedies.”

Support NMAAHC …National Museum of African American History and Culture


National Museum of African American History and Culture 

Smithsonian National Museum of African American History and Culture

Membership Department
P.O. Box 96832
Washington, DC 20090-6832 

For Correspondence:
P.O. Box 37012 MRC 509
Washington, DC 20013-7012

AAHCmember@si.edu
nmaahc.si.edu
© 2010 Smithsonian Institution

 

Bankrate.com


Here are stories published today
5 car-buying tips for Frosty the Snowman | 2010-12-07
If you’re willing to brave the elements to car shop, these tips will help you get the best deal.

The Obameter: Tracking Obama’s Campaign Promises …from PolitiFact


PolitiFact has compiled about 500 promises that Barack Obama made during the campaign and is tracking their progress on our Obameter. We rate their status as No Action, In the Works or Stalled. Once we find action is completed, we rate them Promise Kept, Compromise or Promise Broken.

In the Works

No. 1: Increase the capital gains and dividends taxes for higher-income taxpayers

Increase capital gains and dividends taxes from 15 to 20 percent for those making more than $250,000 (couples) or $200,000 (single)

>>More

In the Works

No. 2: Eliminate all oil and gas tax loopholes

“Eliminating special tax breaks for oil and gas companies: including repealing special expensing rules, foreign tax credit benefits, and manufacturing deductions for oil and gas firms.”

>>More

Compromise

No. 3: Eliminate capital gains taxes for small businesses and start-ups

“Barack Obama understands that small businesses are the engines of our economy, and he will eliminate all capital gains taxes on investments in small and start-up firms.”

>>More

In the Works

No. 4: Extend child tax credits and marriage-penalty fixes

Will extend aspects of the Bush tax cuts such as child credit expansions and changes to marriage bonuses and penalties.

>>More

Compromise

No. 5: Expand the earned income tax credit

Expand the earned income tax credit for workers without children and taxpayers with more than three children. Equalize threshholds for married filers and head of household filers.

>>More

Promise Kept

No. 6: Create an Advanced Manufacturing Fund to invest in peer-reviewed manufacturing processes

“Will create an Advanced Manufacturing Fund to identify and invest in the most compelling advanced manufacturing strategies. The Fund will have a peer-review selection and award process based on the Michigan 21st Century Jobs Fund, a state-level initiative that has awarded over $125 million to Michigan businesses with the most innovative proposals to create new products and new jobs in the state.”

>>More

In the Works

No. 7: Double funding for the Manufacturing Extension Partnership, a program that encourages manufacturing efficiency

“The Manufacturing Extension Partnership (MEP) works with manufacturers across the country to improve efficiency, implement new technology and strengthen company growth. This highly-successful program has engaged in more than 350,000 projects across the country and in 2006 alone, helped create and protect over 50,000 jobs. But despite this success, funding for MEP has been slashed by the Bush administration. Barack Obama and Joe Biden will double funding for the MEP so its training centers can continue to bolster the competitiveness of U.S. manufacturers.”

>>More

In the Works

No. 8: Include environmental and labor standards in trade agreements

“He will use trade agreements to spread good labor and environmental standards around the world”

>>More

Stalled

No. 10: Expand the child and dependent care credit

Expand and make refundable the child and dependent care credit.

>>More

Stalled

No. 11: Require publicly traded financial partnerships to pay the corporate income tax

Require publicly traded financial partnerships to pay the corporate income tax.

>>More

In the Works

No. 12: Create an international tax haven watch list

Create an international tax haven watch list of countries that do not share information returns with the United States.

>>More

Stalled

No. 14: Close loopholes in the corporate tax deductibility of CEO pay

Congress has set rules regarding the tax deductibility of the salaries of CEOs, but forms of non-salary compensation have become popular. Obama would look at revamping definitions of compensation.

>>More

Compromise

No. 15: Create a foreclosure prevention fund for homeowners

Create a $10 billion fund to help homeowners refinance or sell their homes. “The Fund will not help speculators, people who bought vacation homes or people who falsely represented their incomes.”

>>More

Promise Kept

No. 16: Increase minority access to capital

“Strengthen Small Business Administration programs that provide capital to minority-owned businesses, support outreach programs that help minority business owners apply for loans, and work to encourage the growth and capacity of minority firms.”

>>More

Promise Kept

No. 17: Require economic justification for tax changes

Adopt the economic substance doctrine, a policy that states that tax changes must have significant economic justification, as a federal law.

>>More

Stalled

No. 18: Provide option for a pre-filled-out tax form

Will direct the Internal Revenue Service to “give taxpayers the option of a pre-filled tax form to verify, sign and return to the IRS or online. This will eliminate the need for Americans to hire expensive tax preparers and to gather information that the federal government already has on file.”

>>More

Stalled

No. 19: Create a mortgage interest tax credit for non-itemizers

Create a refundable tax credit equal to 10 percent of mortgage interest for nonitemizers, up to a maximum credit of $800.

>>More

In the Works

No. 20: Make permanent the Research & Development tax credit

The Research & Development tax credit and the renewable energy production tax credit are intended to spur innovation in the private sector, but the tax credits have expiration dates under current law. Obama would make them permanent.

>>More

In the Works

No. 21: Require automatic enrollment in 401(k) plans

Automatic enrollment in 401(k) plans for workers whose employers offer retirement plans.

>>More

In the Works

No. 22: Require automatic enrollment in IRA plans

Require employers who do not offer retirement plans to offer their workers access to automatic IRAs and contribute via payroll deduction.

>>More

Page 1 of 26 next