Report: Without Taxpayer Subsidies, Fossil Fuel Companies Would Fail
A new report found that industry subsidies cost U.S. taxpayers more than $20 billion each year, $14.7 billion at the federal level and $5.8 billion at the state level.
A new report found that industry subsidies cost U.S. taxpayers more than $20 billion each year, $14.7 billion at the federal level and $5.8 billion at the state level.
Despite a growing consensus that support for the oil and gas industry is unfair, inefficient and globally dangerous, there’s no actual implementation of plans to change it.
WASHINGTON - Global tax breaks, incentives, and various other consumption and production subsidies for the fossil fuel industry are likely topping $2 trillion each year, amounting to 2.5 percent of total gross domestic product for 2012.
After a dip in the immediate aftermath of the global financial recession, these
Carey L. Biron is Washington correspondent for MintPress and for Inter Press News focusing on issues of equity and accountability, environmental and corporate regulation, and international development and governance from Capitol Hill. Carey spent much of the past 15 years covering South and Southeast Asia as a radio and print reporter and editor.
A report said state and federal water agencies have endangered water supplies and fish species in order to appease corporate agribusiness interests, developers and oil companies.
Californians concerned about the use of fracking in the state gathered outside of the California state Capitol building on Wednesday for Gov. Jerry Brown’s State of the State address. About 200 protesters held signs and banners asking Brown, once again, to take action and ban the use of fracking in the state.
Activists from OilKatie Rucke is a MintPress staff writer and investigative report specializing in the war on drugs, criminal justice, marijuana legislation, education and watchdog investigations as well as whistle-blowers. Her investigations related to the coverage of the 2010 Toyota recall scandal, and coverage of the trials of Anonymous hacker and proclaimed activist Jeremy Hammond as well as Bradley Manning have received international acclaim. Rucke has been recommended by the Wikileaks organization as a trusted journalist in 2013. Rucke has also written pieces for Yahoo! and various community magazines. Follow Katie on Twitter: @katierucke