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Tagged : oil-subsidies

Oil subsidies by the numbers

March 28th, 2012

$1 Trillion – Profits earned by the top five largest oil companies Exxon-Mobil, Chevron, ConocoPhillips and foreign-owned BP and Royal Dutch Shell came to nearly $1 trillion for the 10 years from 2001-2011.
$4 Billion – Total Annual US Subsidies to oil companies.

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Oregon’s Blumenauer gets it right on oil subsidies

March 1st, 2011

Remember President Barack Obama’s State of the Union pledge a mere month ago to end needless and expensive taxpayer subsidies for Big Oil?

Sounded good, right? Take back some of that largesse to these mature, hugely profitable companies to fund clean, new energy sources like wind and solar so we can build and maintain a new power base right here in job-needy America.

House Democrats followed through on that idea, voting today on a bill to end those subsidies that are enriching the richest corporations in the world.

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