14 May '11, 12am

Live Green: Oil Executive to Young People: 'As Long I Make Money, I Don't Care What Happens to You'

Cross-posted from Jack & Jill Politics Quick question: Do you think that tax subsidies for the "big five" oil companies -- which earned $32 billion in profit during the first quarter of the year -- are more important than the financial aid we give to low-income college students? My answer: Of course not. Investing in our young people is a far better use of taxpayer dollars than giving handouts to some of the world's most profitable corporations. My guess is that you agree. How does the oil industry feel? Well, they aren't sure. When asked this question by Senator Schumer at a congressional hearing yesterday, James Mulva, CEO of ConocoPhillips, uncomfortably refused to answer the question. Additionally, he and his peers from ExxonMobil, BP, Chevron and Shell repeatedly complained about unfair and "discriminatory" treatment, saying that the American people -- who face outrag...

Full article: http://www.greenforall.org/blog/oil-executive-to-young-pe...

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