Let’s stop the big subsidies for big oil

Here’s an excerpt of a good NY Times article on the recent budget discussions:

Both Mr. Camp and Mr. Ryan opposed efforts by President Obama and House Democrats in 2010 and 2011 to eliminate billions in annual tax breaks for oil companies, incentives that even some industry leaders said were unnecessary to encourage energy exploration and production.

Clean energy advocates criticized the Ryan proposal, calling it a short-sighted plan that would cede dominance in the fast-growing clean-tech market to countries like China and Germany.

“The Ryan budget has handouts for big oil and a slammed door for the emerging technologies of the future,” said Daniel J. Weiss, a senior fellow and director of climate strategy for the Center for American Progress, a liberal research organization. “It’s bad for American competitiveness, innovation and job growth.”


Let’s stop the big subsidies for big oil

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