John,
It’s time to eliminate $15 billion in taxpayer-funded subsidies for the fossil fuel industry.
At a time when all the experts are telling us we need to be developing renewable energy, that we need to be addressing the climate crisis and that we don’t have much time to act, the last thing we should be doing is subsidizing companies to emit more carbon into the atmosphere.
Every year, the federal government supports the production of fossil fuels by an estimated $15 billion – thanks in large part to Big Oil lobbyists that influence the Administration and Congress to prop up their industry.
President Biden has announced executive action to end fossil fuel subsidies, but that’s not enough. A substantial portion of that $15 billion a year comes from tax breaks or other financial incentives that are set and managed by Congress.
On Earth Day, Representative Ro Khanna hosted the first-ever Congressional hearing on the role of federal subsidies for the fossil fuel industry, and climate activist Greta Thunberg testified about the importance of ending these massive subsidies.
Together, we’re building momentum in Congress to end subsidies for the fossil fuel industry, move toward a clean energy economy, and create millions of jobs in the process. Can you join us in this critical push?
In solidarity,
Justice Democrats
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