What gifts will the fossil fuel industry receive this year courtesy of the American Taxpayer? Find out in our ongoing 12 days of Giveaways holiday guide to the gifts we give to Big Oil, Big Gas, and King Coal.
On the eleventh day of fossil fuel giveaways we gave the oil, gas and coal industry...
Free Offshore Drilling in the Gulf of Mexico - Cost: $9 billionCurrently, oil companies are allowed to drill in parts of the Gulf of Mexico without paying any royalties to the American taxpayer. While we are busy handing over money through expensive tax subsidies, the oil companies are able to drill without paying for using our land. A bill has been introduced in Congress to stop this legally allowed corporate abuse, and bring deserved tax revenues back to the people, not the oil companies. (source)
The Dirty Dozen:Day 1