Quote:
Originally Posted by LuisBoston
And fossil fuels haven’t been for 100 years?
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I didn’t know any details about US oil industry subsidies, so I read up on it:
https://www.forbes.com/sites/drillin...h=51652f1d6e1c
I found it interesting that many of the “subsidies” are merely the same benefits other industries enjoy, so to exclude oil and gas from those would be discriminatory. I also like the closing statement:
“In 2012 the top two corporations paying federal taxes in the US were ExxonMobil and Chevron paying a combined total of $45.2 billion. On average, the industry pays a 45% tax rate when all state, federal, and foreign taxes are totaled up. By comparison the Healthcare Industry pays a total rate of 35% and the Pharmaceuticals pay an estimated rate of 21%.”
So there’s no doubt that oil and gas get certain benefits, but it would seem the situation may have been exaggerated slightly by the media.