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Showing posts with the label fossil fuel subsidies

Big Oil giveaway could get worse

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When the government awards energy companies the rights to drill for offshore oil and gas, it’s supposed to make sure the American public, which owns the resources, doesn’t get screwed. Drilling Down: Big Oil's Bidding When the government awards energy companies the rights to drill for offshore oil and gas, it’s supposed to make sure the American public, which owns the resources, doesn’t get screwed. The government is required by law to use “competitive bidding” and to ensure that taxpayers receive “fair market value.” However, decades of data suggest that the government has been falling down on the job, a Project On Government Oversight analysis found. Read the analysis Read our press release   Read coverage of our analysis: Trump's offshore drilling proposal has a cost besides potential oil spills  |  The Washington Post Royalty panel should fix 'dysfunctional' leasing — report  |  E&E News Oil Companies Are Having...

The Movement to Divest From Fossil Fuels Gains Momentum

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24 December 17 AM It's Live on the HomePage Now: Reader Supported News ALARM ON DONATIONS, A STRUGGLE SO FAR - This is day 12 of the December Fundraiser and we are far, far behind we were last December at this point. Very important to get the process moving. Reader donations alone produce everything RSN does! In Earnest. / Marc Ash, Founder Reader Supported News Sure, I'll make a donation! Bill McKibben. (photo: rightlivelihood.org) The Movement to Divest From Fossil Fuels Gains Momentum By Bill McKibben, The New Yorker 24 December 17 uesday should have been a day of unmitigated joy for America’s oil and gas executives. The  new G.O.P. tax bill  treats their companies with great tenderness, reducing even further their federal tax burden. And the bill gave them something else they’ve sought for decades: permission to go a-drilling in the  Arctic National Wildlife Refuge . But, around four in the afternoon, something utterly unexpected began to h...