May 5, 2011 – Eliminating Oil and Gas Subsidies Briefing

Today’s briefing focused on the billions of dollars of subsidies given to the oil and gas industry.  For those who couldn’t make it, here are some materials from the briefing:

Friends of the Earth Fact Sheet – Handouts to the Fossil Fuel Industry

Oil Change International Fact Sheet – Ending Subsidies to the Oil Industry

Jeff Hooke, Focus Securities Fact Sheet – Oil and Gas Subsidies

Center for American Progress: Big Oil’s Misbegotten Tax Gusher

Environmental Law Institute: Estimating U.S. Government Subsidies to Energy Soucres 2002 – 2008
Please attend a briefing on:

Oil and Gas Industry Subsidies:

The need to eliminate corporate welfare during a time of record profits for companies and record debt for our country

Thursday, May 5, 2011
9:00 – 10:00 a.m
Mott House, 122 Maryland Avenue NE

Refreshments will be provided.

Last week marked yet another quarter of record-breaking profits for the oil and gas industry.  Exxon reported $10.7 billion in profit, Shell took in $6.9 billion, Chevron posted $6.2 billion, ConocoPhillips brought $3.03 billion and BP took in $5.5 billion.  Despite these massive profits – and the high price that Americans are paying at the pump – the U.S. is still giving billions of dollars to oil companies in the form of tax breaks.

This briefing’s speakers will focus on this specific issue of subsidizing an industry with record profits at a time of record national debt.  Speakers include:

  • Athan Manuel, Director of Lands Protection, Sierra Club, moderator
  • Steve Kretzmann, Executive Director, Oil Change International
  • Ben Schreiber, Climate and Energy Tax Analyst, Friends of the Earth
  • Seth Hanlon, Director of Fiscal Reform, Doing What Works Program, Center for American Progress
  • Jeff Hooke, Managing Director, Focus Securities

Refreshments will be provided.

For more information, contact Michael Degnan at or 202-548-6585

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