Guest guest Posted May 17, 2005 Report Share Posted May 17, 2005 Saudi-owned company set to profit from proposed MTBE liability shield OK, kids, follow the bouncing red ball: The Republican energy bill, pending in the Senate, is advertised as a way to gain independence from Saudi Arabian oil (boing!). Part of the energy bill, included at the insistence of Texas Rep. Tom DeLay ®, is a provision shielding makers of groundwater-polluting, potentially cancer-causing gas additive MTBE from liability lawsuits, despite projected costs of $8 billion to $29 billion to clean up MTBE contamination (boing!). One of the major companies that produces MTBE and would benefit from the liability shield is SABIC -- which has spent some $1.5 million lobbying for it and happens to have a big research and technology center in Sugar Land, Texas, DeLay's home base (boing!). SABIC is largely owned by the Saudi government (boi... wait, wha?). " The standard sound bite we've been getting for the last five years is that [the energy bill] will reduce our dependence on foreign oil, " says Keith Ashdown of the nonpartisan Taxpayers for Common Sense. " Now it's about how to subsidize foreign oil regimes. " Boing! straight to the source: The Boston Globe, Susan Milligan, 16 May Those who control the past, control the future; Those who control the future, control the present; Those who control the present, control the past.^ Quote Link to comment Share on other sites More sharing options...
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