[1]Ro Khanna

Dear Friend,

Big Oil is raking in record profits while devastating our environment.
Enough is enough. It’s time to tax windfall profits and end taxpayer
handouts to the fossil fuel industry. We don’t need to be subsidizing Big
Oil, we need to be investing in clean energy solutions.

In December, I introduced the End Polluter Welfare for Enhanced Oil
Recovery Act. My bill would restore some of the original provisions of
stripped from the Build Back Better legislation by repealing Section 45Q,
the “Tax Credit for Carbon Sequestration.” This misguided policy
subsidizes Big Oil’s “enhanced oil recovery” practice of injecting carbon
dioxide into wells in order to extract more oil. This means more
pollution, more oil and gas production, more greenhouse gas emissions, and
more Big Oil profits – all subsidized by billions of dollars from
taxpayers.

[ [link removed] ]TAKE ACTION: Tell Congress to stop subsidizing fossil fuels now!

The End Polluter Welfare for Enhanced Oil Recovery Act isn’t just
feel-good legislation. It’s smart economic and energy policy.

[ [link removed] ]Join me! Take action to end taxpayer subsidies to Big Oil now.

Onward,
Ro


 


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PO Box 3513, Santa Clara, CA 95051