Rep Ro Khanna on Fossil Fuel Subsidies
Drilled
Uncovering Fossil Fuel Industry Subsidies
The fossil fuel industry benefits from various subsidies such as tax preferences for drilling, first out accounting practices, cost-of-depletion deductions, and offshore drilling lease deductions. These subsidies enable companies to manipulate and take advantage of the system. Experts including Greta Thunberg are set to speak at a hearing to discuss the need to eliminate these subsidies.
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