26 Mar '12, 4pm

Tick-tock... Big oil makes $260k every minute. Don't let them take taxpayer subsidies for one more second: #350ppm

Tick-tock... Big oil makes $260k every minute. Don't let them take taxpayer subsidies for one more second: #350ppm

This afternoon, the US Senate will vote on a bill designed to end $4 billion a year in subsidies to the oil industry. The bill is unlikely to pass, but it's a clear sign that momentum for ending fossil fuel subsidies is increasing. While the $4 billion in oil subsidies are only the tip of the ice berg when it comes the all the public money our government is handing over to the oil, gas and coal industry, reppealing these subsidies to Big Oil is a big step in the right direction. It's opened up the door just a crack -- now it's our job to get a foot in there and start opening it even wider. Here's how outrageous the situation is. Last year, the Big Five oil companies here in the US made a record $137 billion in profits. Every penny more Americans pay at the pump increases Big Oil's profits by another $200 million. When you look up "companies that don't need more money" in t...

Full article: http://www.350.org/en/about/blogs/us-senate-votes-ending-...

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