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Fossil Fuels oil company tax breaks

Published on March 26th, 2012 | by Zachary Shahan

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Obama Lays a Smack Down on (Some) Oil Subsidies



 

Obama has been talking about Big Oil’s $4 billion in annual subsidies and its record profits everywhere he goes lately. I’ve mentioned his comments on this topic from 5 different speeches in posts over the last few weeks, I think. So, it’s not a huge surprise that he used his last Weekly Address to lay the smack down on Big Oil, but it’s still exciting.

However, always looking to take into account the full cost of tapping our various energy sources, I’ll just add the quick note that these figures don’t take into account the cost of wars focused on protecting our foreign oil supplies. Nonetheless, this is great messaging from the White House and a great issue to tackle. Here’s a White House post from today on this:

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About the Author

is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy for the past four years or so. Aside from his work on CleanTechnica and Planetsave, he's the Network Manager for their parent organization – Important Media – and he's the Owner/Founder of Solar Love, EV Obsession, and Bikocity. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.



  • Kcgatlarge

    Good stuff. In tallying total costs, don’t forget the costs of climate disruption. These are real costs, foisted on the public by our policy of free and unlimited carbon dumping.

    • http://cleantechnica.com/ Zachary Shahan

      Yeah, for some reason, the administration thinks it’s intelligent to ignore those now (in its communications at the least)

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