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The Select Committee on Energy Independence and Global Warming addressed our nation's energy, economic and national security challenges during the 110th and 111th Congresses.

This is an archived version of the committee's website, where the public, students and the media can continue to access and learn from our work.
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HEARING UPDATE: Drilling for Answers on Oil and Gas Prices, Profits, and Alternatives -Top-Level Oil Execs come to Capitol Hill

MEDIA ADVISORY FOR 12 PM, TUESDAY, APRIL 1, 2008

Contact: 202.225.4012

Drilling for Answers on Oil and Gas Prices, Profits, and Alternatives

Select Committee Hearing Brings Top-Level Oil Execs to Capitol Hill

For testimony, pictures and video from the hearing, please CLICK HERE.

PLEASE NOTE ROOM CHANGE: 210 Cannon House Office Building (Media overflow room 304 Cannon)

On Tuesday, April 1, 2008, Chairman Edward J. Markey (D-Mass.) will bring top-level executives from the five largest oil companies to discuss the current state of oil and gas prices, oil company profits, and the need for clean, renewable fuels to ease demand for oil and cut global warming pollution. The Select Committee will hear from the number two officers worldwide for the three United States-based oil companies and the presidents of U.S. operations for the foreign companies.

ExxonMobil reported record profits of $40.6 billion in 2007, and the other top four oil companies like BP and Shell made billions more. These same companies are fighting to keep $18 billion in tax breaks that Congress is attempting to shift towards renewable energy incentives for wind, solar, biomass and other climate-friendly sources. The House recently passed the Renewable Energy and Energy Conservation Tax Act of 2008, but President Bush and the top oil companies are fighting to defeat the measure in the Senate.

WHAT: Select Committee on Energy Independence and Global Warming hearing entitled, “Drilling for Answers: Oil Company Profits, Runaway Prices and the Pursuit of Alternatives.”

WHEN: 12 PM, Tuesday, April 1, 2008

WHERE: 210 Cannon House Office Building, Washington, DC and on the web at globalwarming.house.gov (Media Overflow Room located in 304 Cannon)

WHO:

  • Mr. J. Stephen Simon, Senior Vice President, Exxon Mobil Corp.
  • Mr. John Hofmeister, President, Shell Oil Company
  • Mr. Robert A. Malone, Chairman and President, BP America, Inc.
  • Mr. Peter Robertson, Vice Chairman, Chevron
  • Mr. John Lowe, Executive Vice President, ConocoPhillips
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PLEASE NOTE: The House Select Committee on Energy Independence and Global Warming was created to explore American clean energy solutions that end our reliance on foreign oil and reduce carbon pollution.

The Select Committee was active during the 110th and 111th Congresses. This is an archived version of the website, to ensure that the public has ongoing access to the Select Committee record. This website, including external links, will not be updated after Jan. 3rd, 2010.

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