Senate rejects reinstatement of industry Superfund tax

The US Senate, on a 56-43 vote Mar. 25, rejected efforts to revive an expired "Superfund" toxic waste tax on industry. Before 1995, oil and chemical companies were charged a fee on their products that went to a special cleanup trust fund; the excise tax on crude was 9.7¢/bbl. Superfund taxes also included a corporate environmental tax of 0.12% on taxable income over $2 million."Today, the Republicans have sent a message loud and clear: They stand with the corporate polluters and not with American families," amendment sponsor Sen. Frank Lautenberg (D-NJ) said after the vote. "My amendment would force the oil and chemical companies that made these messes to pay for a portion of the cle...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected