Senator Bernie Sanders of Vermont along with Congressman Keith Ellison of Minnesota and others at his side said, “I am proud to be here today with Congressman Ellison, with my good friend and fellow Vermonter Bill McKibben, with Brent Blackwelder from Friends of the Earth and Ryan Alexander from Taxpayers for Common Sense.
We are here today not just to announce new legislation, but to send a message – and that message is that it is time to end the absurdity of taxpayers providing massive subsidies to hugely profitable fossil fuel corporations. In these difficult economic times, it is imperative that we support the taxpayers of this country and not the fossil fuel industry – one of the most powerful special interests in the world.”
Our federal government is set to give away over $110 billion in taxpayer dollars to the oil, gas, and coal industries over the next 10 years. That is totally absurd. When we have a $15.6 trillion national debt, we cannot afford it. When the five largest oil companies have made over $1 trillion in profits in the last decade, they don’t need it. When some of these same polluters have, in a given year, paid zero in federal income taxes and actually received IRS rebate checks worth millions, they don’t deserve it. When fossil fuels are the number one source of human-caused greenhouse gas emissions, creating a planetary crisis of global warming that is already causing devastating extreme weather disturbances, we can’t ignore it. As people throughout our country are demanding that we invest in energy efficiency and sustainable energy, and when Congress has instead allowed key sustainable energy incentives to expire even as Big Oil reaps billions in subsidies, it is time to change our national energy priorities. So today, Congressman Ellison and I are introducing the End Polluter Welfare Act in the House and the Senate. Continue reading