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Tag: big oil

Fish…Oil.

Crude oil is a fossil fuel and was made naturally from decaying plants and animals, like this prehistoric dunkleosteus, living in ancient seas millions of years ago. Damn dunkleosteus, why … [Read full article]

Going on Offense

by Bill McKibben Hey everyone, Yesterday was one of the truly fun days in this whole wild year of organizing.Β We had hundreds of referees outside the Capitol, and we blew … [Read full article]

Big Oil: Tens of Billions in Cash Reserves but Opposing Fair Tax System

On September 19 President Barack Obama announced his plan to reduce the deficit by $4 trillion over the next 12 years, including raising $1.5 trillion by closing special interest loopholes and other revenue raisers. This includes eliminating $41 billion in tax loopholes for the oil and gas industry (p. 63) over the next decade.

GOP Congressman Wants to Close Department of Education & Department of Energy

How crazy can you get? It seems that Republican leaders these days want to turn the United States into a third-world country. Here’s one of the most ridiculous requests I’ve heard of (though, there are many, including abolishing the Environmental Protection Agency, which keeps our water and air clean and is trying to keep our climate livable): a Republican Congressman from Georgia wants to abolish the Department of Energy and the Department of Education! At the same time, though, he wants to leave Big Oil subsidies in place.

Oil Companies & U.S. Chamber of Commerce — One & the Same?

Continuing on with our series on 350.org’s The U.S. Chamber of Commerce Doesn’t Speak for Me campaign, let’s take a quick look at some ties between the Chamber and the oil industry.

As you may have heard, and 350.org recently noted, large oil companies are having a ball, raking in billions and billions of dollars in profit (that’s right, not revenue but profit) while the U.S. economy suffers:

“Exxon Mobil nabbed $10.7bn; Shell pulled in $6.9bn; Chevron, $4.5bn; and last but not least, BP, after accounting for oil spill losses still made out with $7.1bn.”