07 Apr '11, 2pm

Protecting Big Oil at the Expense of Consumers : Greentech Media

Protecting Big Oil at the Expense of Consumers : Greentech Media

House Budget Committee Chair Paul Ryan’s (R-WI) proposed FY 2012 budget resolution is a backward-looking plan that would benefit big oil companies at the expense of middle-class Americans. It retains $40 billion in Big Oil tax loopholes while completely eliminating investments in the clean energy technologies of the future that are essential for long-term economic growth. This budget would lock Americans into paying high, volatile energy prices. It would ensure that millions of clean energy jobs are created overseas -- not here in the United States. It is a path backward to Bush-Cheney Big Oil energy policies that cost jobs and harm American competitiveness. In short, the Ryan plan ensures that we lose the high-stakes competition for the $2 trillion worldwide clean tech market . Ryan claims in an April 4 Wall Street Journal op-ed that his plan “rolls back expensive handout...

Full article: http://www.greentechmedia.com/articles/read/protecting-bi...

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