“It’s time to stop subsidizing them and start facing the climate crisis,” says a BailoutWatch analyst. Bolstering arguments against providing further public benefits to the fossil fuel industry, a BailoutWatch analysis published Friday reveals that 77 companies got a collective $8.24 billion tax bailout last year, then laid off tens of thousands of employees. The tax benefits […]
“Biden campaigned on eliminating fossil fuel giveaways, and voters agree by a huge margin,” said one climate activist. In a speech Wednesday outlining his new executive actions aimed at confronting the “existential threat” of the climate crisis, President Joe Biden said he plans to ask the Democrat-controlled Congress to pass legislation eliminating the tens of billions […]
I like a good fish tale. But when it involves fish, not when it involves politics. And not when it involves Senate leaders failing to tell you about a new $145 million subsidy they want to give our partners in the oil industry. The Senate started a media push last week, saying that they want […]
Juneau – The Alaska House of Representatives on Monday passed legislation to reform Alaska’s flawed and unsustainable system of oil and gas subsidies. Without changes, the State of Alaska is projected to pay out more in oil tax credits in Fiscal Year 2018 than the state will take in from production taxes. Production tax revenue […]