Federal charters for energy corporations: selected materials. Prepared at the request of Henry M. Jackson, Chairman, Committee on Interior and Insular Affairs, United States Senate, Ninety-Third Congress, Second Session, pursuant to S. Res. 45, a national fuels and energy policy study
The requirement of Federal charters for large energy corporations, coupled with the appointment of public directors to serve on their boards, would make these corporations more responsive to the public interest. The large oil companies wield economic power greater than many governments by running vast production and refinery complexes, operating large tanker fleets, investing billions in resource development, and lastly, controlling the prices consumers pay for energy. Other alternatives for making the companies more responsive to public interest are to nationalize segments of the oil industry; create new federally owned oil companies; break major oil companies into functional components and/or regional components; bring major oil companies under a Federal regulatory structure that treats the corporation as public utilities, regulates rates on a cost of service basis, and makes them subject to control; or improve corporate accountability and responsibility by revising the hundreds of Federal statutes that now affect various aspects of corporate practice. A collection of relevant papers are included. (MCW)
- Research Organization:
- Committee on Interior and Insular Affairs (U.S. Senate), Washington, D.C.
- NSA Number:
- NSA-29-028870
- OSTI ID:
- 4315297
- Resource Relation:
- Other Information: Orig. Receipt Date: 30-JUN-74
- Country of Publication:
- Country unknown/Code not available
- Language:
- English
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