The U.S. government gives approximately $70 billion in tax breaks and subsidies to the highly profitable oil and gas industries. Green Energy companies only received $12 billion in subsidy because they don’t have the deep pockets of fossil fuel companies. The need to fund new, renewable technologies, should be obvious when the rapidly depleting oil and gas sources become more difficult and dangerous to extract each passing day. The only reason the government subsidies are so disproportionate is because of the massive power the dying oil and gas industry still has.
The Oil & Gas industry, which includes multi-national and independent oil and gas producers and refiners, natural gas pipeline companies, gasoline service stations and fuel oil dealers, has long enjoyed a history of strong influence in Washington. Individuals and political action committees affiliated with oil and gas companies have donated $238.7 million to candidates and parties since the 1990 election cycle, 75 percent of which has gone to Republicans.
Check out this article on the political influence of the Oil & Gas industry.
and these other articles on Corporate Welfare:
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18 x 24 inch screen print on French Paper 80# Cream Cordtone. Signed and numbered edition of 450. $55. A portion of the proceeds will benefit Rootstrikers and Represent.US. Limit 1 per person/household.
Release date: Tuesday November 10, 2015 at 10am in the Store.