Posts in oil and gas subsidies
Fossil Fuel Subsidy Reform Gaining Momentum Internationally
FOR IMMEDIATE RELEASE 23 May 2012 Contact: David Turnbull, (+1) 202-316-3499 Fossil Fuel Subsidy Reform Gaining Momentum Internationally 111 Countries Mention Subsidy Reform in Latest Submissions to UN Climate Convention; 76 NGOs Call on World Leaders to Take Concrete Steps to Eliminate Global Fossil Fuel Subsidies WASHINGTON, DC – Ahead of upcoming meetings in June of the…
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Tar sands pipelines don’t just leak oil
Download our briefing on the tar sands exemption to the Oil Spill Liability Trust Fund here. When Enbridge’s Line 6B burst open near Marshall, Michigan in July 2010 spewing over a million gallons of tar sands sludge into the Kalamazoo river watershed, funds were quickly released from the Oil Spill Liability Trust Fund to mobilize…
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Senate Fails to Cut Favors to Big Oil, Once Again
Earlier today President Obama challenged Congress to either stand with Big Oil, or stand with the American people. A vote on legislation introduced by Senator Robert Menendez (D-NJ) that would have eliminated over $2.4 billion in annual tax deductions to the top 5 oil companies was subsequently defeated a few hours later. Once again Congress…
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One Dollar In, Fifty-Nine Out
You can SHARE this infographic on Facebook. What if you were in Vegas, and a friend told you there was a slot machine in the corner that was giving out $59 for every $1 that was put in? You’d think the machine was broken, and that it was rigged. What if an investment advisor told…
Continue reading ‘One Dollar In, Fifty-Nine Out’.Shift the Subsidies Database Reveals $40 Billion in Fossil Fuel Funding Over Last Four Years
Development Banks Still Financing Dirty Energy New Database Reveals $40 Billion in Fossil Fuel Funding Over Last Four Years Nov. 30, 2011, Durban, South Africa – Major multilateral development banks have provided financing of over $40 billion to fossil-fuel energy development since 2008, according to the new Shift the Subsidies database (http://shiftthesubsidies.org), launched today by…
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Civil Society to World Bank: Clean Up Dirty Energy Financing
New report shows institution lacking clean energy lending strategy and instead considering a new loan for coal power in Kosovo BASIC South Initiative – Campagna per la riforma della Banca Mondiale (Italy) – Friends of the Earth U.S. – groundWork (South Africa) – International Rivers – Oil Change International – Sierra Club (U.S.) – Urgewald…
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Story of Broke
Story of Stuff’s latest film – Story of Broke – is now here! And guess what? It’s all about subsidies – and how we can shift our taxpayer money away from the dinosaur economy and towards a clean, bright future! Check it out! And then take action!
Payback Time? The Supercommittee & Fossil Fuel Subsidies
The 12 members of the Joint Select Committee on Deficit Reduction, or “supercommittee,” have received at least $4.2 million in campaign contributions from dirty energy interests lobbying to keep their wasteful taxpayer subsidies, according to a new report from Oil Change International (OCI) and Public Campaign Action Fund (PCAF). The report analyzes the millions of…
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It’s Time for Reform: Fossil Fuel Subsidies in Rich Nations are Staggering
Finally a new report, released by the Organization for Economic Cooperation and Development (OCED), begins to quantify how much rich nations—and taxpayers—are supporting fossil-fuel production and consumption. The numbers are staggering. During each of the last five years, between US$ 45 billion and US$ 75 billion in budgetary support and tax expenditures have been provided…
Continue reading ‘It’s Time for Reform: Fossil Fuel Subsidies in Rich Nations are Staggering’.
Fred Upton: Big Oil’s Superman in SuperCongress
Numerous recent polls reveal that the American people believe that Congress is more responsive to their campaign donors than their own constituents. In addition, Americans of all affiliations clearly favor ending oil industry handouts. The question is, whose side is Fred Upton on: the American people’s or Big Oil’s? Rep. Upton is Big Oil’s biggest…
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