House rejects bill to deny future drilling leases

Newswire

WASHINGTON, June 26 (Reuters) - The U.S. House of Representatives on Thursday rejected legislation that would have required energy companies to develop oil and natural gas supplies on federal leases they have held for years or be denied future drilling access on government acres. The legislation was an effort by the Democrats, who control the House, to show voters they were trying to do something to tackle record gasoline prices. Lawmakers will be on their Fourth of July holiday recess ...

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