|
||||||||
|
Recent Articles
Search
Login Daily Archive Categories
|
Keep Calling on Congress to Invest in Renewable Energy
Keep Calling on Congress to Invest in Renewable Energy
By Environment Iowa In less than two weeks, the 110th Congress will decide if they want to lead America toward a cleaner new energy future by investing in renewable energy or continue to give billions of dollars in handouts to oil companies. We've submitted over 5,000 petition signatures and placed hundreds of phone calls, but we need as many people as possible to get involved and help move our country toward a new energy future. If you've already called your Representative, thank you! Now you can help by forwarding this message to 5 friends asking them to help. If you haven't called yet, there's still time. You call your representative today at 1-866-699-9243. Just tell the operator where you're from, and they will connect you. Here's a sample message you can leave: "Hello, my name is _______ and I live in _______. I'm calling to urge Representative _______ to vote to stop the taxpayer handouts to the oil industry and invest in clean, renewable energy." To report your call, click here, or paste this link into your web browser: https://www.environmentiowa.org/action/new-energy-future/call-rep?id4=ES Background Oil Company Profits Continue to Skyrocket Big oil companies are swimming in a sea of record-breaking profits while American consumers and taxpayers pay the price. In 2005, the world's biggest oil companies reported a combined $111 billion in profits. In the first three quarters of 2006 they reported more than $94 billion. Some of the biggest oil company profits in 2005 were: * ExxonMobil: $36.1 billion * Royal Dutch Shell: $25.3 billion * BP: $22.3 billion * ConocoPhillips: $13.5 billion * Chevron Texaco $14.1 billion Federal Handouts Lavish Billions on Oil and Gas Companies Despite earning record profits, oil and gas companies continue to benefit from billions in handouts courtesy of American taxpayers. Between tax incentives, below-market fees for drilling on public lands, research and development subsidies and accounting gimmicks, these companies will receive more than $31.6 billion from the federal government over the next five years. Specifically, these handouts break down as follows: * Tax breaks: $16 billion * Research and development subsidies: $1.8 billion * Below-market fees for drilling on public lands: $9.5 billion * Accounting gimmicks: $4.3 billion * Total: $31.6 billion Some of most outrageous handouts to Big Oil allows companies drilling for oil and natural gas on public lands to pay below-market fees, or royalties, for the resources they extract. Oil companies are currently slated to shortchange taxpayers by $9.5 billion over the next five years. Another giveaway allows oil companies to write off the costs of oil drilling and refining. Together, these giveaways total more than $4 billion over the next 5 years. The week of January 15, less than two weeks from now, Congress will vote on a bill to create a multi-billion dollar clean energy fund by cutting taxpayer handouts to the oil industry. You can help by calling your representative today at 1-866-699-9243. Just tell the operator where you're from, and they will connect you. Here's a sample message you can leave: "Hello, my name is ____ and I live in _____. I'm calling to urge Representative ____ to vote to stop the taxpayer handouts to the oil industry and invest in clean, renewable energy." To report your call, click here, or paste this link into your web browser: https://www.environmentiowa.org/action/new-energy-future/call-rep?id4=ES Sincerely, Nathaniel Baer Environment Iowa Advocate NathanielB@EnvironmentIowa.org http://www.EnvironmentIowa.org P.S. Thanks again for your support. Please feel free to share this e-mail with your family and friends.
Keywords:
environment
No comments found.
|
Blog for Iowa
BFIA Writer's Guidelines We welcome Submissions Iowa Sites Child & Family Policy Center - Iowa Genetic Engineering Action Network Iowa Citizen Action Network - ICAN Iowa Citizens for Community Improvement Iowa Federation of Labor, AFL-CIO Iowa Physicians for Social Responsibility Iowa Public Interest Research Group Midwest Environmental Justice Advocates Progressive Action for the Common Good Progressive Coalition of Central Iowa QCAD (Quad-Citians Affirming Diversity - GLBT) Iowa Blogs The Deprogrammer (Quad Cities) Iowa True Blue (Gordon Fischer's Blog) Iowa Voters for Open and Transparent Elections Political FalloutFight Iowa Rapid Response Network - Iowa
Iowans for Better Local TV
Air America
The Counterpoint
National FAIR: Fairness & Accuracy in Reporting
Media Matters for America
|
||||||
|
||||||||