Tell Senator Brown: End Big Oil Handouts
BP recently announced that its third-quarter profits more than doubled – earning nearly $5 billion during the last three months. Other big oil companies announced that they have also raked in obscene profits this year. Yet somehow, these oil giants continue to receive billions in taxpayer-funded giveaways each year.
When the U.S. Senate voted on legislation that would have cut Big Oil handouts earlier this year, Senator Brown sided with the oil industry.
It’s past time that Senator Brown started standing up for the people of Massachusetts instead of the Big Oil companies.
Tell Senator Brown today that there should be no more handouts for Big Oil and to support any effort to cut Big Oil’s taxpayer-funded subsidies.
Over the past decade, the big five oil companies – BP, Chevron, ConocoPhillips, ExxonMobil and Shell – have enjoyed nearly $1 trillion in profits. At the same time, these same corporate giants are also receiving billions in taxpayer-funded subsidies each year.
As Congress works to reduce federal spending, it is outrageous that Big Oil continues to benefit from special tax breaks while also raking in obscene profits.
And yet, when you were given the opportunity to cut Big Oil handouts earlier this year, you sided with the oil companies – voting to allow them to continue receiving government handouts.
As Congress completes the 2012 budget in the coming months, I strongly urge you to stand up to the oil industry by supporting any effort to cut Big Oil’s taxpayer-funded subsidies.
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