Sunday, May 08, 2011

ExxonMobil has reported 1st quarter profits of nearly $11 billion. Shell announced $6.9 billion in profits. BP earned over $5 billion during the first

Dear Kevin,



Click (on the title) here to add your name to our petition to Congress.

Enough is enough.

ExxonMobil has reported 1st quarter profits of nearly $11 billion. Shell announced $6.9 billion in profits. BP earned over $5 billion during the first three months of the year.

Meanwhile Americans across the country are struggling with near-record prices at the pump.

And do you know the worst part? While the Big Oil companies rake in obscene profits, they’re also getting billions of dollars in taxpayer-funded subsidies.

Tell Congress: It’s time to end Big Oil handouts. Click here to add your name to the petition.

Over the past decade, the big five oil companies -- BP, Chevron, ConocoPhillips, ExxonMobil and Shell
-- have enjoyed more than $900 billion in profits. Let me repeat that. Since 2001, the world’s biggest oil companies have made over $900 billion in profits.

At the same time, these oil companies benefit from more than $4 billion in special tax breaks every year. Why are we subsidizing one of the most profitable industries? Why does ExxonMobil get a tax break while we get stuck paying higher gas prices?

Tell Congress: It’s time to end Big Oil handouts. Click here to add your name to the petition.

The House of Representatives has already cast several votes this year related to ending oil industry subsidies, but each time Big Oil’s congressional backers successfully beat back those efforts. In fact, pro-polluter lawmakers in the House are instead pushing irresponsible drilling that puts our economy and our environment at risk -- demonstrating their energy policy is simple: oil above all.

But momentum is building for action. Senate Majority Leader Reid has said that the Senate may vote as soon as next week on legislation that would strip the biggest oil companies of the government handouts they enjoy.

Tell Congress: It’s time to end Big Oil handouts. Click here to add your name to the petition.

Thank you for taking action.

Sincerely,

Gene Karpinski
President
League of Conservation Voters

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1 Comments:

Blogger Kevin Anthony Stoda said...

Dear Kevin,
Help end Big Oil handouts. There’s still time to take action. The Senate vote is now expected next Tuesday. Please take action today.
While the price of oil skyrockets, oil companies are pulling in massive profits and collecting tidy subsidies from American taxpayers. Something is dreadfully wrong with this picture. The Senate may soon vote on a measure to end Big Oil subsidies, which amounts to 4 billion dollars a year. Ask your Senators to vote against Big Oil subsidies.
These subsidies go to the same industry that is pushing legislation to allow offshore development without new safety requirements. The oil industry fights safety inspections, complains about environmental safeguards critical to protecting community water supplies and wildlife refuges, pressures Congress to gut environmental laws and blocks attempts to ensure that the taxpaying public gets fair value through royalties when they exploit the lands that belong to all Americans.
Take action now.
According to the federal government's Energy Information Administration, the average cost to produce a barrel of oil in the United States is approximately $30. So when oil companies sell a barrel for triple the cost — $100 or more, as they have been for months - the oil industry is pocketing at least $70, and passing the cost on to you and me.
In a budget environment where severe cuts to environmental protection programs, education and programs like Medicare are being threatened, there's no place for the oil industry giveaways that cost taxpayers $40 billion each decade.
Help us end this debacle. Take action today.
And thanks, again, for all you do to protect America’s wild places.
Sincerely,
Kathy Kilmer

9:15 AM  

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