Congress Is Searching for Trillions of Dollars in Cuts. Will the Oil Industry’s Tax Breaks Skate By?

AI image credit: Vilius Kukanauskas from Pixabay. Article by Nicholas Kusnetz. Inside Climate News – March 24, 2025.

If the only things certain in life are death and taxes, you might say corporate lobbyists spend much of their time trying to avoid at least one of the two. Few industries understand this better than oil and gas, which has benefited for at least a century from some tax rules that save them billions of dollars in payments annually. The world’s nations have agreed to phase out fossil fuel subsidies globally. The Biden administration pledged to axe them domestically. Still, they persist. […]

Click here to view original web page at www.insideclimatenews.com