AS OIL COMPANIES REPORT PROFITS, EMANUEL CALLS FOR END TO SUBSIDIES FOR BIG OIL WASHINGTON, D.C.—As oil companies announce their second quarter profits, House Democratic Caucus Chairman Rahm Emanuel called for an end to the $14 billion in taxpayer funded subsidies for major oil companies. The Associated Press recently reported that oil companies “insist they're trying to find new oil that might help bring down gas prices, but the money they spend on exploration is nothing compared with what they spend on stock buybacks and dividends.” Emanuel’s statement is below:           
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EMANUEL, BOREN TO INTRODUCE NEW LEGISLATION TO INCREASE THE USE OF NATURAL GAS WASHINGTON, D.C.—Rep. Rahm Emanuel and Rep. Dan Boren will introduce legislation today to increase the use of natural gas vehicles in America over the next ten years by providing incentives to consumers to purchase natural gas vehicles, automakers to manufacture natural gas vehicles in America, and service stations to install the infrastructure necessary to fuel natural gas vehicles. By providing an array of incentives, the New Alternative Transportation to Give Americans Solutions (NAT GAS) Act establishes a framework to achieve the goal of increasing the percentage of natural gas vehicles on the road to 10% of all vehicles by 2018.
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EMANUEL CALLS ON BOEHNER TO VISIT NATIONAL PETROLEUM RESERVE-ALASKA WASHINGTON, D.C.—Representative Rahm Emanuel today called on Minority Leader John Boehner to visit the National Petroleum Reserve-Alaska on his upcoming trip to Alaska and the Arctic National Wildlife Refuge. Emanuel also provided Boehner with a map of the NPRA.
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