WASHINGTON – Representative Edward J. Markey sent formal notices today to the heads of the country’s five largest oil companies to testify before his committee, wanting them to address an oil spill in the Gulf of Mexico, rising prices at the pump, and current legislation on energy and climate change.
“From the health of our economy to the health of our environment, it’s time for the American public to hear from the oil companies,” Markey, a Malden Democrat and chairman of the Select Committee on Energy Independence and Global Warming, said this afternoon in a statement. “Their opinions and answers on the issues of energy policy are vital given the push in Congress to construct a comprehensive energy independence strategy for our nation.”
Markey sent the letters to the five top oil companies -- Exxon Mobil, BP, ConocoPhillips, Shell and Chevron – but did not announce an exact date and time of the hearing.
The oil spill in the Gulf of Mexico has become an increasing matter of concern. It is now leaking at a rate of 5,000 barrels of oil per day and could soon exceed the size of the Santa Barbara oil spill in 1969.
Markey also wants executives from the companies to answer for the large profits disclosed in quarterly reports while prices continue to rise on consumers.
“Four dollar gasoline helped break our economy’s back,” Markey said. “And now, just as we are starting a recovery, the price of gas is creeping back towards three dollars, threatening the budgets of families and small businesses across the nation,” said Rep. Markey. “We need to craft a comprehensive strategy that protects consumers, and our nation’s oil companies must join us in that effort.”
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About Political Intelligence
Glen Johnson is Politics Editor at boston.com and lead blogger for "Political Intelligence." He moved to Massachusetts in the fourth grade, and has covered local, state, and national politics for over 25 years. E-mail him at email@example.com. Follow him on Twitter @globeglen.