Today Rex Tillerson, under oath, denied the existence of fossil fuel subsidies. In fact, according to our new analysis ExxonMobil likely gets as much as $1 billion in subsidies each year.
fossil fuel subsidies
Study: U.S. Oil Industry Heavily Dependent on Government Handouts
FOR IMMEDIATE RELEASE January 10, 2017 Contact: Janet Redman, janet [at] priceofoil [dot] org David Turnbull, david [at] priceofoil [dot] org Study: U.S. Oil Industry Heavily Dependent on Government Handouts Almost Half of All U.S. Oil Production Subsidy Dependent Almost half of the oil production in the United States will depend on taxpayer handouts to make it … Read More
Infographic: Subsidies Propping Up Oil Profits & Polluting the Climate
Subsidies: Propping Up Oil Profits & Polluting the Climate Oil Change International & Sierra Club January 2017 DOWNLOAD INFOGRAPHIC Almost half of all oil production expected to come online in the United States is only economic if the public props up private investments with taxpayer handouts. The other half of oil production would happen even … Read More
Oil Subsidies Propping Up Profits & Polluting the Climate
Guess who’s responsible for about half of all the oil that will be produced in the United States? You!
That’s according to a new study, which shows that 45 percent of US oil production depends on government handouts to make it profitable. Yes, your money is sponsoring pollution and lining the pockets of oil companies.
RELEASE: Oil Change Int’l Responds to Marrakech UN Climate Negotiations
In response to the outcome of the COP22 climate negotiations in Morocco, Oil Change International released the following statements from its experts.
RELEASE: New Study Shows Canadian Fossil Fuel Subsidies Drastically Undermine Carbon Pricing
“Canada’s fossil fuel subsidies are like taxing consumers when they buy cigarettes while giving massive tax breaks to tobacco companies that encourage them to produce more cigarettes. It doesn’t make sense.”
The Deepwater Horizon disaster killed 11 people. Then BP made you and me pay for it.
BP was responsible for Deepwater Horizon, a disaster that killed 11 people and caused one of worst oil spills ever – and then they made us foot the bill.
Canada’s fossil fuel subsidies threaten to cancel out proposed national carbon price
In response to Prime Minister Trudeau’s announcement of a national carbon pricing proposal, Alex Doukas, Senior Campaigner at Oil Change International, released the following statement.
Our energy system has changed since 1913 – why hasn’t this subsidy?
Standard Oil has long since been broken up yet the subsidy designed to do so has only grown over its 100-year lifespan in terms of total value to the industry.
G20 leaders fail to act on fossil fuel subsidies, undermining Paris climate goals
FOR IMMEDIATE RELEASE September 5, 2016 Contact: Alex Doukas, alex [at] priceofoil [dot] org G20 leaders fail to act on fossil fuel subsidies, undermining Paris climate goals In response to the statements on fossil fuel subsidies in the G20 Leaders’ Communique, which fail to establish a deadline for the phase out of subsidies, Oil Change International has … Read More