Oil companies are the wealthiest companies in the world and reprehensible polluters responsible for global warming—yet despite huge profits, our taxes annually subsidize oil/ gas with ~$35 billion in tax breaks plus royalty relief on federal lands.
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New Report Reveals U.S. Oil and Gas Companies Pay More Tax to Petrostates Than to the U.S. Government
FACT’s latest report analyzes the tax disclosures of 11 U.S. oil and gas multinational companies, and calls for the elimination of harmful subsidies for extraction abroad.
