I received a petition this week from Oceana, one of my favorite organizations in the world. It’s a petition to cut the $4 billion dollars in tax breaks oil companies get each year. It was announced today that BP’s profits doubled in the 3rd quarter of this year. It’s common knowledge that oil company executives get super thick bonuses year after year.
Meanwhile, when disasters occur, they get bailed out by the U.S. government (taxpayers) and don’t even pay their fair share to clean up the mess and help those hurt by it. Remember the BP oil spill? Yeah, BP “has only paid out about $7 billion of the $20 billion fund set up to pay compensation claims to the economic victims of the Gulf of Mexico oil spill.”
Oil companies don’t need tax breaks. They’re rolling in profits. Tell Congress to cut off the corporate welfare checks to oil companies today. Take action by signing Oceana’s petition.