Manufacturing Industry
Senators support energy bill.(News)
Plastics News, May, 2005 by Toloken, Steve
Byline: Steve Toloken The most plastics-friendly energy legislation to emerge in the U.S. Congress to date took a big step forward May 26, by overwhelmingly passing a Senate committee. But industry officials said it is unclear whether it would have a big impact on lowering natural gas prices.
The bill came out of the Senate Energy and Natural Resources Committee on a 21-1 vote, but the committee effectively punted on some of the most contentious, and most important, issues for plastics manufacturers, hoping to resolve them on the Senate floor. Provisions such as opening up more natural gas drilling in the Outer Continental Shelf proved too controversial, so supporters backed off the plan with hopes of bringing it up later. The American Chemistry Council...
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