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The Bill That Industry Bought
Why does the energy bill being debated in Congress not decrease our dependence on oil? Why is it stuffed with subsidies to the fossil fuel and nuclear industries and why does it include only token funding for clean, renewable energy?
The numbers tell the story. The top 20 oil and gas industry players gave Congress $13.3 million in contributions. The House energy bill would give them $14.8 billion in tax breaks and subsidies, more than a thousand times their "investment." (The Senate bill would only give them $4.6 billion.)
The coal industry would get an even better deal. The top 10 companies gave Congress $1.1 million. The House energy bill would give them $3.3 billion, the Senate version $1.9 billion.
For more on how much energy companies paid Congress and what Congress gave them in return, see the Club's fact sheet "The Bill That Industry Bought" .
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