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.
Republicans want to open up sacred land in the Arctic Refuge for oil drilling allegedly to raise money to cover their cuts, but they leave in place tens of billions in tax giveaways to oil, gas, and coal companies.
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.
It’s unfortunately fitting that Trump chose an oil refinery to stage his speech on ‘reforming’ the tax code. He’s railed against special interest loopholes, but Trump’s so-called energy dominance agenda relies on massive taxpayer handouts to oil, gas, and coal companies.