Move to Renewable Energy

Mr. HALL of New York. Mr. Speaker, I rise today to say: It will not be the U.S. taxpayer who is stuck with the bill for the tragic oil spill that is still spewing hundreds of thousands of barrels of oil into the Gulf of Mexico. British Petroleum had $6 billion in profit last quarter alone. That's profit, not earnings. And that's the first place we should be looking to pay for this oil spill. We all know how much money Halliburton socked away, thanks to the last administration. Their deep pockets also need to be tapped to pay for their negligence.

For years, we've heard from the oil industry that offshore drilling is safer than ever, cleaner than ever. Not true. Meanwhile, oil companies like BP spent years making billions while gouging consumers. We in the House are going to make sure that they pay for cleaning up this unprecedented catastrophe. It's time to truly move beyond petroleum into renewable energy and energy efficiency.

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