What Does $8 Billion in Oil Subsidies Buy?

The fiscal cliff is fast approaching — and there’s a relatively simple way for Congress to raise some needed revenues, help the environment and satisfy taxpayers:  Ending oil subsidies will help pay down the deficit by making oil companies pay their fair share.

The President has already identified $4 billion in oil subsidies that should be eliminated, but there’s at least an additional $4 billion worth that Congress should also get rid of.  This is hardly the time to be throwing taxpayer money at wealthy companies that undermine the environment.

For more information on clean vs. dirty energy please see NRDC Executive Direcor Peter Lehner’s views here.


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