Originally published on the CGS blog on June 19, 2007.
This just in – The Senate Finance Committee just approved a $29 billion package of tax incentives supporting renewables at the expense of the oil and gas industry.
“When the major oil companies are making record profits, consumers are paying record prices, the federal government should not provide record subsidies for the major companies,? said Ron Wyden, D-Ore.”
You said it, Ron… But if you really mean it, how about tackling the hundreds of billions of dollars still flowing to the oil and gas industry through foreign assistance funds?
May I suggest considering a Senate version of H.R. 1886, the End Oil Aid bill introduced by Rep. Hinchey (D-NY)? Can we put it on tomorrow’s agenda?
