DomesticFuel: 40 Groups Fighting Against Big Oil Subsidies

40+ Groups Fighting Against Big Oil Subsidies | Energy

Brad Woodhouse, president, Americans United for Change, added, “These tax giveaways serve no useful purpose other than padding oil industry profits. We could send 166,000 kids to college every year with the $4 billion that is instead squandered on Big Oil. Over summer recess, we’re going to demand answers from Republicans in Congress who can’t find the money to address the Zika Virus or Flint water crisis, or repair our crumbling infrastructure, but think Big Oil can’t live without these subsidies. Even with persistently low oil prices, which dipped below $30 a barrel earlier this year, ExxonMobil still reported nearly $1.8 billion in profits last quarter, and BP over $500 million. It seems even in the worst of times, Big Oil can make tons of money comfortably without a taxpayer handout. And it seems the only return on taxpayers’ investment is dirty air and 14,000 oil spills every year.”