[Congressional Record Volume 161, Number 4 (Friday, January 9, 2015)]
[House]
[Page H160]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TAR SANDS TAX LOOPHOLE ELIMINATION ACT
(Mr. BLUMENAUER asked and was given permission to address the House
for 1 minute.)
Mr. BLUMENAUER. Mr. Speaker, while I do not support the development
of tar sands--an environmentally destructive and carbon-intensive
process--we should not continue a loophole that lets oil companies off
the hook for covering destruction from oil spills.
In 1990, we authorized the Oil Spill Liability Trust Fund for the
immediate costs of cleaning up oil spills, and it is funded by an
excise tax on crude oil and petroleum products, but the oil derived
from tar sands that would be transported through the Keystone XL
pipeline is not subject to this tax.
Since that oil is a thick, sticky form of crude, more difficult and
costly to clean up than other types of oil, the exemption makes no
sense, especially if it is as safe as some allege. That is why
yesterday I reintroduced the Tar Sands Tax Loophole Elimination Act,
which would ensure that oil pays into the Oil Spill Liability Trust
Fund that travels through this pipeline if it is ever constructed.
I urge my colleagues to support this legislation.
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