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Monthly archive September, 2021
Oil producers push Democrats to preserve key drilling deduction

Oil producers push Democrats to preserve key drilling deduction

Oil producers are ramping up their lobbying efforts to ensure that Democrats don’t repeal a lucrative tax deduction in the $3.5 billion reconciliation bill.   The U.S. tax code allows companies to recover the cost of drilling for oil and gas and preparing oil wells for production, a provision that helps boost U.S. oil production but has...

Radioactive water from Fukushima dumped in Ocean

“Tokyo Electric Power Company (TEPCO) has decided to dump contaminated water into the ocean through a tunnel 1km offshore. A senior official from the Ministry of Economy, Trade and Industry (METI) said, “If we dumped the contaminated water on the coast, the media would take video and photos of us dumping it, but if we dumped...