U.S. Taxpayers Have Subsidized Fossil Fuels For 111 Years, And Counting

17 Mar 2024 | Abstracted from Post-Gazette

Biden "new budget proposal calls for the elimination of $35 billion in tax breaks that would otherwise be provided to the industry over the next decade...In Washington, it seems, oil and gas subsidies are the zombies of the tax code: impossible to kill.

"The oil and gas industry enjoys nearly a dozen tax breaks, including incentives for domestic production and write-offs tied to foreign production.

ADDITIONAL RELATED NEWS LINKS

• The Green Skills Gap: Educational Reform In Favour Of Renewable Energy Is Now Urgent


• What's Behind The Oil And Gas Attitude Toward Electric Vehicles


• EPA's New Rule Mandates Big Emissions Cuts, but Doesn't Eliminate Gas Cars


• Big Oil's Big Deception: That Plastics Are Recyclable


• City of Chicago Sues Oil Companies, Accuses Them Of Deception About Products' Climate Dangers


• 'Every Molecule of Hydrocarbon Will Come Out'


• Phasing Out From Fossil Fuels: An Imperative For Climate Justice


• Will Hydrogen Overtake Batteries In The Race For Zero-Emission Cars?


• The EV Revolution Isn't Dead Yet, Although Some Would Like You To Think So


• Trump Allies Plan to Gut Climate Research if He Is Reelected