Big Oil gets BILLIONS in Corporate Welfare

11 Jun

A 1998 study by Greenpeace entitled “Fueling Global Warming: Federal Tax Subsidies to Oil in the U.S.” found that there were between $5 billion and $35 billion in annual subsidies to oil companies in the U.S. depending on how one makes the calculation and hence whether or not one includes such things as U.S. grants to the Strategic Petroleum Reserve and other less visible oil-related subsidies.

Big Oil does NOT get $4 billion in taxpayer subsidies. It gets BILLIONS MORE!.

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