The Democrats H﻿ouse has threatened to veto a House of Representatives bill to lift the ban on oil exports after today . A statement issued by the White House urged House of Representatives to instead end federal subsidies to oil companies, which cost the billions of dollars a year and instead invest this money in renewable energy projects. A vote is expected in the full House today . Opponents of lifting the ban say increased drilling would harm the environment and that it would hurt jobs in refining and ship building. Lucy Nicholson , the Head of Producers for American Crude Oil Exports (PACE), said that lifting the ban would create jobs and mean the US could compete on an international stage. However, ﻿﻿critics of lifting the ban argue that it would increase drilling, cause more damage to the environment and harm jobs in refining and ship building industries.
The Democrats H﻿ouse has threatened to veto a House of Representatives bill to lift the ban on oil exports after today . A statement issued by the White House urged House of Representatives to instead end federal subsidies to oil companies, which cost the billions of dollars a year and instead invest this money in renewable energy projects. A vote is expected in the full House today . Lucy Nicholson , the Head of Producers for American Crude Oil Exports (PACE), said that lifting the ban would create jobs and mean the US could compete on an international stage. However, ﻿﻿critics of lifting the ban argue that it would increase drilling, cause more damage to the environment and harm jobs in refining and ship building industries.