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28 Jun '14, 11pm

flw @ssandee51 New report exposes billions per year in new fossil fuel subsidies via @PriceofOil #DirtyMoney

FOR IMMEDIATE RELEASE: July 22, 2013 Contact: David Turnbull, [email protected] , 202-316-3499 New report exposes billions per year in additional fossil fuel subsidies Master Limited Partnership tax avoidance structure dominated by fossil fuel industry A new report released today by Oil Change International and Earth Track exposes a largely unaccounted for subsidy to the fossil fuel industry, valued at roughly $4 billion per year and growing. New analysis quantifies the value of tax avoidance by the fossil fuel industry through a corporate structure called “Master Limited Partnerships (MLPs).” Though eliminated for most US industries more than a quarter century ago, special rules protected eligibility for fossil fuels, and have allowed a growing range of oil and gas activities to escape corporate income taxes entirely. The report, entitled “Too Big to Ignore: Subsidies ...

Full article: http://priceofoil.org/2013/07/22/new-report-exposes-billi...

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