ExxonMobil reported 3rd quarter profits of over $10 billion. Chevron announced $7.83 billion in profits, and BP earned nearly $5 billion. Yet somehow, these oil giants continue to receive billions in taxpayer-funded giveaways each year.
The House of Representatives has already cast several votes this year related to ending oil industry subsidies, but each time Big Oil’s congressional backers successfully beat back those efforts.
As Congress completes the 2012 budget in the coming months, we need to make sure that oil industry subsidies are on the chopping block.
Tell Congress today that there should be no more handouts for Big Oil.