13 May '11, 10am

Senate Holds Hearing on Big Oil Tax Breaks

Senate Holds Hearing on Big Oil Tax Breaks

One argument heard often from the sustainability community, in favor of further taxing big oil has little to do with profits or tax “revenue” generation per se, but focus on oil companies’ impacts on the environment. Proponents of this argument suggest that taxpayer money is spent on cleaning up environmental and human health externalities, hence the reason to tax big oil. Furthermore, it is again suggested that this tax money can be used to spur innovation in green energy technologies as well.

Full article: http://www.triplepundit.com/2011/05/senate-holds-hearing-...

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