12 Apr '12, 10pm

Fossil-fuel subsidies are the real job killers

Fossil-fuel subsidies are the real job killers

How many lobbyists does it take to defend billions in subsidies for one of the most profitable industries in the world? 786 . That’s the size of the army that oil and gas companies maintain in Washington to strong-arm Congress into bankrolling an industry that is cutting jobs and literally fueling the climate crisis. This army is bigger than Congress itself , which has only 535 members. Last year, Democrats on the House Natural Resources Committee decided to investigate Big Oil’s jobs claims — and it turns out the industry has gone on a firing spree in recent years. They discovered that despite generating $546 billion in profits between 2005 and 2010, ExxonMobil, Chevron, Shell, and BP reduced their U.S. workforce by 11,200 employees over that period. In 2010 alone, the top five oil companies slashed their global workforce by 4,400 employees — the same year executives paid...

Full article: http://grist.org/fossil-fuels/fossil-fuel-subsidies-are-t...

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