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Senate Defeats Bill to Close Taxpayer Subsidies for Big Oil Companies

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By Lauren Pagel

March 29, 2012

The Senate voted 51-47 today to defeat S. 2204, the Close Big Oil Loopholes Act sponsored by Senator Menendez of New Jersey.  The bill would have closed five major loopholes enjoyed by the five largest oil companies including BP, Chevron, ConocoPhillips, ExxonMobil, and Royal Dutch Shell.  All told, the bill would have saved taxpayers $24 billion over ten years divided roughly half between deficit reduction and clean energy programs.

 

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Tagged with: subsidies, taxes, oil companies, us senate


Abandoned mine testimony highlights need for funding

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By Lauren Pagel

February 17, 2012

Today I testified in front of the Energy and Mineral Subcommittee of the House Natural Resources Committee on HR 785, a bill that would allow states and tribes who have not cleaned up all of their abandoned coal mining sites to use coal abandoned mine land funds to clean up hardrock mining sites. This legislation essentially lets the coal mining industry pay to clean up the metal mining industries messes -- a situation we have been forced into due to the inability to reform the 1872 Mining Law

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