Every year, Big Oil receives over $ 20.5 billion a year in federal and state grants. Many of these grants are vestiges of another century, adopted when the industry was first rising. One of the most important, a tax deduction for drilling oil wells, dates from 1913. Then there is the oil sands loophole, which offers tax relief to companies that import or produce oil from the oil sands. , which is one of the dirtiest fuels on the planet.
Yes, you read that right. The United States is giving the fossil fuel industry a special deduction to help make the planet warmer.