Fight Back Against Fossil Fuels

| 5/10/2012 3:43:11 PM

It's time to end taxpayer subsidies for oil and gas! We recently received news from our friends at that Congress is considering legislation that would effectively end the government's financial support of the fossil fuel industry. But, the battle hasn't been won. In order to really make a stand, we have to come together for this cause. You can start by reading the following letter from's Bill McKibben and signing your name to the petition. 

Dear friends,

Today, we get a powerful new tool to take on the fossil fuel industry.

I just got off the stage with Sen. Bernie Sanders and Rep. Keith Ellison at a big rally at the Capitol to launch a new piece of legislation that would repeal $113 billion of tax-breaks, handouts, and subsidies for the fossil fuel industry over the next 10 years. 

You see, not only is the fossil fuel industry the richest on earth, but any of us who pay taxes write it a hefty check each year. It’s as if we’re paying them a performance bonus for wrecking the climate. We’ll never get to renewable energy if we keep handing gobs of money to oil and coal and gas.

The bill introduced today would strip away these outrageous subsidies. As you can imagine, the fossil fuel industry is going to fight back hard, so we need to come out as strong as possible.

t brandt
5/12/2012 2:11:47 PM

Without even arguing the point about whether or not fossil fuel use contributes to GW, first do some arithmetic: Total US oil revenues/yr = ~$4000 billion.... US govt toal tax revenues/yr ~ $2500 billion..... US govt deficit spending/yr ~ $1200 billion.... tax breaks to oil companies ~ $11 billion/yr...BFD...This a childish, emotional reaction to a non-problem. They won't miss the $11 billion; we won't benefit in any meaningful way by retracting the tax breaks. If the breaks are rescinded, we'll just pay that much more at the pump. Either way, we pay....If you don't like oil, don't buy it.

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