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New Report Reveals Additional Fossil Fuel Subsidies Equaling $4 Billion Each Year
2013-07-22 21:36:00| Climate Ark Climate Change & Global Warming Newsfeed
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...
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Category:Electronics and Electrical