Sunday, May 17, 2015

Taxpayer Subsidies for Fossil Fuels on a Warming Planet in One Word: 'Absurd'

Taxpayer Subsidies for Fossil Fuels on a Warming Planet in One Word: 'Absurd'

"Last month, along with Rep. Keith Ellison (D-Minn.), Sanders introduced a bicameral bill in Congress that would effectively put an end to large-scale subsidies for the fossil fuel industry. Called the End Polluter Welfare Act, the measure would end tax breaks for fossil-fuel industries, recoup taxpayer-owed royalties for fossil-fuel related practices on public lands and waters, and prioritize federally-supported research for clean energy projects. Further, the measures would also prevent companies from escaping liability for spills or deducting clean-up costs from their taxes."