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House bills punish BP, boost drilling safety
Loading ...Legislation that could bar BP from getting new offshore oil leases in the United States passed another hurdle in Congress on Thursday while a separate bill to boost safety requirements for offshore drilling advanced through another congressional panel.
The legislation is among several dozen bills pending that would rewrite the regulatory rulebook and raise exploration costs for oil companies as lawmakers try to prevent another disaster like BP’s massive spill in the Gulf of Mexico
The bills have a long way to go if they are ever to make into law. The full House of Representatives and Senate would have to vote on the measures before they could be sent to the White House. Some analysts and government officials worry that if the U.S. Congress is too harsh on BP it could hamper the company’s ability to pay the huge bill for the spill’s cleanup.
Continue Reading at Reuters.
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