Oil Change International and Platform express their solidarity with striking workers on platforms in the North Sea operated by French oil giant Total.
“It’s cynical and reckless to provide relief for climate-related disasters with one hand, while essentially paying Big Oil to worsen the climate crisis with the other. Transferring billions of dollars from hard-working taxpayers to ultra-rich oil companies to extract more fossil fuels will not make our country safer or stronger.”
Today, more than 30 environmental, health and social justice organizations urged Congressional leaders to exclude an extension of the tax credit for carbon dioxide enhanced oil recovery from any spending bill.
A coalition of environmental and climate justice, Indigenous rights, public health, consumer, and environmental groups delivered two letters urging lawmakers to oppose including the giveaway of billions of taxpayer dollars to the fossil fuel industry in any tax bill.
A new report out today reveals that U.S. taxpayers continue to foot the bill for more than $20 billion in fossil fuel subsidies each year. These subsidies amount to billions of dollars wasted to prop up an industry responsible for a climate crisis that has contributed to lives lost and hundreds of billions in damages this hurricane season alone.
A new report by Oil Change International reveals that U.S. taxpayers continue to foot the bill for more than $20 billion in fossil fuel subsidies each year. Every dollar spent subsidizing this industry takes us further away from achieving internationally agreed emissions goals, and maintaining a stable climate.
f passed, Oil Change International’s forthcoming analysis reveals that this legislation would be worth up to $4.5 billion each year to the oil industry, making it the largest single federal handout to the fossil fuel industry.
As the G20 talks commence, the new international “Climate Pariah” Donald Trump is going to come under intense pressure from the G20 to reconsider pulling out of the Paris Climate agreement.
With the climate crisis advancing at an ever-quickening pace, an immediate step toward the solution should be to stop funding fossils. This bill helps to do just that.
Today, the Obama Administration released a fact sheet describing a new initiative included in the President’s upcoming budget proposal, which will include a new fee paid by oil companies along with increased investments in new transportation options. Read more for Oil Change International’s response.