EcoWatch: A new report released today by Oil Change International and Earth Track exposes a largely unaccounted for subsidy to the fossil fuel industry, valued at roughly $4 billion per year and growing.
New analysis quantifies the value of tax avoidance by the fossil fuel industry through a corporate structure called master limited partnerships (MLPs). Though eliminated for most U.S. industries more than a quarter century ago, special rules protected eligibility for fossil fuels, and have allowed a growing...