By Lynn Thorp, National Campaigns Director
Shortly before the U.S. Senate failed to overturn Big Oil subsidies, President Obama spoke in the Rose Garden about the need to set our sights on a clean energy future and to stop handing billions of dollars a year to oil companies who are making record profits.
American oil and gas companies are doing just fine, as evidenced not only by record profits but also by the price people are paying at the pump. There’s absolutely no reason they need handouts from U.S. taxpayers. We applaud the U.S. Senators who voted to put an end to this inane policy. While they represented a simple majority, the Repeal Big Oil Tax Subsidies Act (S. 2204) needed 60 votes to pass. The 47 U.S. Senators who voted against the bill appear to remain in the pocket of Big Oil. We sure don’t want to hear any of them complaining about high gas prices. Read the rest of this entry »