Millions of Americans may be struggling to pay routine household bills, but still US taxpayers are handing out a whopping $20 billion in fossil fuel subsidies a year.
This is the major finding of a new report Dirty Energy Dominance: Dependent on Denial published by Oil Change International…
…There is something deeply ironic about the Trump Administration subsidizing an industry with billions of dollars which is causing climate change which is costing billions to America and Caribbean nations from hurricane-related damage.
But the irony gets worse. There is something morally wrong with a billionaire-led Administration handing out money to rich executives, when this money could help America’s poorest and most at need.
The cost of the subsidies to American taxpayers is equivalent to the projected 2018 budget cuts from Trump’s proposals to slash 10 public programs and services, including supports for America’s most vulnerable children and families.
Read ’em and weep, folks. Here’s the Report.