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Tag: taxes

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.

A New Beginning: WORLD 5.0

This is a guest post by a good online friend and long-time Planetsave reader, Jim Prues, who is launching a large, positive project I want to getting fully behind. As you can tell from the article below, Jim is a very pointed, clear, and positively motivated person. Enjoy! & get involved!

BP Getting $13 Billion Tax Break? {TAKE ACTION}

Last Wednesday, it was determined that BP would be getting $13 billion in tax credits. It is not clear if BP is even going to pay any taxes at all or if it will actually get money from the government after this. Why is BP getting so much money? Because of the oil spill in the Gulf of Mexico….

Big Oil & Gas Not Paying Millions or Even Billions for the Land They Lease

On the anniversary of the BP oil spill, I thought I’d do another piece on some recent oil industry news. While the U.S. is struggling to decrease its debt in the midst of efforts to get the economy rolling string again, it seems there is still millions if not billions of dollars in oil and gas company income owed to the nation that is not being collected. Confused?