On the recordMay 10, 2011
Earlier the gentleman mentioned Brazil. The bill before us would grant a blanket extension for leases in the gulf that are about to expire. And according to the Interior Department, this amendment would extend about 100 leases and costs about $6 million over 10 years. Well, 12 of those leases that would be extended automatically belong to Petrobras, the Brazilian oil giant. It would, indeed, provide a windfall given from American taxpayers to the State- owned Brazilian oil giant Petrobras. Yes, this bill in front of us now. I am pleased to yield 3 minutes to the gentlewoman from Florida, Representative Castor, who, unlike some of the debaters today, is someone who actually lives on the Gulf of Mexico.
Said by
Steven Holt
Source
govinfo.gov