December 2, 2008
Tuesday
     

House Passes Bill Allowing Offshore Drilling

Date: 09-17-2008
Type: public policy
Categories: Corporate Governance / Environment
Source: ENN
The U.S. House of Representatives passed legislation Tuesday that lifts a longstanding ban on offshore oil drilling, opening most of the U.S. coastline to exploration.

The package proposed by Democrats would give states the option to allow drilling between 50 and 100 miles (80 and 160 km) off their shores. Areas more than 100 miles from the coast would be completely open to oil exploration and drilling.

Read more about offshore drilling here.

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