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Rep Ro Khanna on Fossil Fuel Subsidies

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NOTE

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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