U.S. Taxpayers Have Subsidized Fossil Fuels for 111 Years, and Counting | For the fourth year in a row, President Biden is trying to eliminate federal tax breaks for coal, oil and gas companies.
U.S. Taxpayers Have Subsidized Fossil Fuels for 111 Years, and Counting | For the fourth year in a row, President Biden is trying to eliminate federal tax breaks for coal, oil and gas companies.
For the fourth year in a row, President Biden is trying to eliminate federal tax breaks for coal, oil and gas companies. But fossil fuel subsidies have proven difficult to kill.
Woah is that a real photo? NY Times give it credit and a date so I'd assume yes it's real but also it looks so fake too. That's insane if that's actually how areas used to look!
Yeah, that's a real photo. L.A. was built on oil.
"By 1930, California was responsible for a quarter of the world’s oil output. In some places, derricks were set so close to one another their legs overlapped."
Holy crap, those are some awesome links!
Biden isn't really doing anything more than Obama did, request that they not be in the budget Congress presents. With as many coal, oil and gas friendly Democrats in Congress there will never be a budget without their inclusion. Hell, Obama enjoyed a D majority and it didn't happen then.
It would take some serious strong-arm tactics to get the oil etc subsidies stopped. I don't think bidens gonna go that route though.
With more and better Democrats, it's possible. Not this year (the Republicans hold a majority in the House) but as the industry starts to go into decline, we'll pull it off, and accelerate the phase-out.