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Oil Industry Tries to Contain Backlash
Tuesday, 18, May 2010


The oil spill in the Gulf of Mexico is putting the petroleum industry and its top lobbyist, Jack Gerard, on the defensive after months in which the industry appeared to have the political wind at its back.Before the Deepwater Horizon oil rig sank four weeks ago, the oil industry and its main trade group, the American Petroleum Institute, led by Mr. Gerard, had scored a series of victories in policy fights with the Obama administration and congressional Democrats.

Mr. Gerard's group helped stave off one proposal by President Barack Obama to collect tens of billions of dollars in taxes on the industry over a decade, largely by eliminating tax breaks, and was gearing up to fight another. The API had helped organize opposition to legislation—backed by Mr. Obama, and now stalled in Congress—that would force fossil-fuel industries to pay for their impact on the climate.



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