ener energy games video

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AES Enron back room agreement comes to light

AES both distributes energy in Brazil and generates it. AES has directs and owns two fully-operational power companies in Brazil. One of these companies, AES Tietê, channels all of its energy through AES Eletropaulo. AES Tietê's generation capacity (2,650 MW) accounts for 21% of Brazil's total power generation capability.

"The AP counters the fact that Dick Cheney's 2005 energy bill contained "billions in dollars in giveaways to the oil companies" with the following: The 2005 energy bill actually raised taxes on the oil and gas industry by about 300 million over 11 years, according to the Congressional Research Service. Actually, The giveaways to the oil industry are not limited to tax breaks. They also include provisions like royalty relief that are worth billions. And many of the tax "increases" are simply extensions of exiting taxes that do not impose any additional burden on oil companies. 1. About half of giveaways were not tax provisions. For instance, the oil companies received billions in royalty waivers. For example:Sections 344-345 Waives royalty payments for drilling for some natural gas in the Gulf of Mexico. Section 346 Waives royalty payments for drilling in offshore Alaska. Sections 353-4 Waives royalty payments for gas hydrate extraction on the Outer Continental Shelf and public land in Alaska. Section 383 Allows oil companies drilling in federal land off the coast of a particular state to pay the state 44 cents of every dollar it would have paid to the federal government for the privilege of drilling on federal land. For more details see this Public Citizen Report. http://www.citizen.org/cmep/energy_enviro_nuclear/electricity/energybill/2005/articles.cfm?ID=13980 "...

"This afternoon on Hardball, Obama's chief strategist, David Axelrod, falsely claimed that Hillary's plan to suspend the gas tax this summer would be financed by diverting funds for federal transportation projects: He'll invest in our infrastructure, which badly needs it. We know that. That's one of the reasons this diversion from the federal highway trust fund that Senator McCain and Clinton have proposed makes no sense. This is false. Hillary's plan is financed by a tax on the windfall profits of oil companies. Details here. http://www.hillaryclinton.com/news/release/view/?id=7354"

"The choice is simple: Senator Obama wants the American people to pay the gas tax this summer but Senator Clinton thinks Big Oil should. The Clinton gas tax holiday is financed exclusively through a tax on windfall profits from oil companies and keeps the Highway Transportation Trust fund intact. Hillary opposed a plan in 2000 for a gas tax holiday because it was financed with transportation funds. Sen. Obama voted three times for a gas tax holiday in 2000 when gas prices were less than $2 a gallon. "

"Democratic Sen. Barack Obama accuses his presidential rivals of pandering to voters by supporting the "gimmick" of temporarily lifting federal taxes on gasoline, despite his own past support for a similar tax holiday. "..."THE FACTS: In 2000, gasoline prices were climbing quickly, reaching $2 a gallon in the Chicago area — a remarkable price back then. Illinois legislators scrambled to offer some election-year relief to angry motorists. Obama voted three times for a tax holiday. "..."Obama's presidential campaign says the lessons of that Illinois tax holiday influenced his decision to oppose a national tax holiday. The lack of clear results then make him dubious about suspending the national tax now."..."McCain suggests avoiding that problem by replacing the lost money with unspecified funds from elsewhere in the budget. Clinton wants to impose a new tax on oil company profits to make up for lifting the gasoline tax. "