The subsidy battle raging in Washington at the moment is all about what are known as “production” subsidies. These are subsidies that are paid to the oil majors to keep the oil and gas flowing. But there is also another type of subsidy: this is where governments, often in countries producing oil or developing countries, … Read More
oil and gas subsidies
Top 5 myths about subsidies to oil companies
This is a cross-post from Transition Voice. Written by Erik Curren Can the president who killed Osama bin Laden now stand up to Big Oil? Encouraged by comments made by House Speaker John Boehner that subsidies for oil and gas companies should be on the table, Democrats led by Montana Sen. Max Baucus last week … Read More
ConocoPhillips calls Democrats “Un-American”
Get ready for some fireworks this morning in the Senate. The latest spin coming from the oil industry is that Democrats and the more than 75% of Americans that support ending subsidies to Big Oil are somehow “un-American”. After yesterday’s Annual Meeting of Conoco Phillips the company put out a press release highlighting “concerns over … Read More
Subsidy Battle Hots Up
The showdown on gas prices and subsidy removal will intensify this week in Washington, when senior oil and gas executives are hauled before Congress to explain record profits at a time when consumers are hurting at the pumps. Legislation is being worked on by Max Baucus, the Montana Democrat and chairman of the Senate finance … Read More
The “Spill Amnesia Bill”
A week, they say, can be a long time in politics. A year, therefore can be a lifetime. And long enough to forget. A year on from the Deepwater disaster, Republicans are acting as if the America’s largest ever oil spill did not in fact happen. It was just a distant bad dream. Yesterday, as … Read More
Fact Sheet: Ending Oil Subsidies in the US
As the U.S. Congress debates several measures to remove oil industry subsidies, we have published a new factsheet that overviews some of the key issues in the subsidy debate. Additional information is available from Oil Change International by visiting our page on fossil fuel subsidies, by emailing info@priceofoil.org or calling (202)-518-9029.
Independent oil & gas producers don’t need subsidies any more than big oil does
The Independent Petroleum Producers Association is currently in overdrive parading a commissioned study that makes a number of claims about its member’s value to the economy. According to the study, independent oil and gas producers drill most of the wells in the country, create millions of jobs and pay billions in taxes and royalties. Furthermore, … Read More
“We simply can’t afford wasteful subsidies”
No wonder those oil boys at the American Petroleum have launched a campaign to try and stop further “tax increases” (read: subsidy removal) on the industry. They know that Obama is on their back. Yesterday, the President wrote to the House Speaker John Boehner, and other political leaders asking them to take “immediate action to … Read More
API’s Latest “Ridiculous” Anti-Tax Campaign
Any regular reading of this blog will know that that the good old American Petroleum Institute (API) is fairly wizard-like when it comes to conjuring up numbers of how many people the industry supports or employs. Up to September 2009, the API had often repeated statements such as “The oil and gas industry employs nearly … Read More
10,000 March for Climate Justice
About 10,000 activists marched yesterday in Washington on the “Make Big Polluters Pay” march. The march was the culmination of the third “PowerShift” event. Over the weekend activists had heard speeches from the likes of former Vice President Al Gore, and US EPA Administrator Lisa Jackson. In a speech on Friday night, Gore underlined how … Read More