Statement from The Wilderness Society President William H. Meadows, on the Senate vote on S. 940, The Close Big Oil Tax Loopholes Act. “Oil and gas companies are making record profits on the backs of American consumers, and still reaping billions of dollars in unnecessary subsidies from taxpayers as well. With S. 940, the Senate could have signaled the beginning of the end of the the oil industry's habit of dipping into taxpayers' pockets every April 15th.