Propping up Big Oil

November 14th, 2006

Posted in

New Energy
Fossil fuels

The 2005 energy bill pushed through the conservative-controlled Congress and signed by President Bush created $6 billion in subsidies and tax breaks for oil and gas companies; in that same year those companies raked in more than $64 billion in profits.

Source

Public Citizen. “The Best Energy Bill Corporations Could Buy: Summary of Industry Giveaways in the 2005 Energy Bill.” August 8, 2005.