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December 17, 2015

Bowing to Oil Industry, Congress Set to Lift Ban on U.S. Crude Exports 
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Congress is voting on a $1.1 trillion budget deal today, which includes
a provision to end the decades-old ban on exporting U.S.-produced crude
oil. Lifting the crude oil export ban has long been a demand of the oil
industry. Companies including BP, Exxon Mobil, Chevron, Hess, Conoco
Phillips, Chesapeake Energy and Marathon Oil have all lobbied for bills
to lift the ban within the last few years. Environmental group Oil
Change International says lifting the ban will incentivize further
domestic oil production and is "a disaster for the climate."

 

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