Drilled Rep Ro Khanna on Fossil Fuel Subsidies
Apr 22, 2021
Congressman Ro Khanna leads a discussion on fossil fuel subsidies, emphasizing the need for their elimination to combat climate change. The podcast explores the financial industry's shift towards divestment from high carbon projects, debunking myths surrounding job loss and gas price increases. It encourages advocating for environmentally sustainable alternatives and mobilizing against fossil fuel subsidies in the infrastructure bill.
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Subsidy Elimination As Infrastructure Priority
- Eliminating fossil fuel subsidies is a central part of Biden's infrastructure plan and a congressional priority led by Ro Khanna.
- Khanna frames subsidy removal as creating a level playing field to stop government favoritism toward fossil fuels.
Subsidies Hidden In Tax Code
- Khanna lists numerous tax-code provisions that function as fossil fuel subsidies, including drilling deductions and depletion allowances.
- He emphasizes these are technical but pervasive provisions in the tax code that advantage fossil fuel companies.
Watch And Amplify The Hearing
- Tune into the hearing to hear experts and Greta Thunberg speak about fossil fuel subsidies.
- Share expert testimony and public pressure to insist subsidy removal stays in the infrastructure bill.