Tax Breaks For Oil Companies? Just Say NO
Tax breaks for oil companies....I don't think so.
All the campaign talk by Democrats about rescinding tax breaks for oil companies seem to have gone radio silent.
Well, it needs to be revived big time.
From CommonDreams: "Exxon Mobil Corp. has agreed to pay an additional $6.1 million penalty after it reneged on a promise to cut air pollution from four refineries in California, Louisiana and Texas, the Justice Department said Wednesday.
"The payment stems from an agreement between the government and Exxon Mobil in 2005 - part of a broader push by the Environmental Protection Agency to reduce air pollution from refineries - in which the company agreed to pay $14.4 million in civil penalties and community-related environmental projects, while also installing new air pollution controls at the refineries.
" 'The Department of Justice will not tolerate violation of our consent decrees,' Assistant Attorney General Ronald Tenpas said in a statement.
"In October, Exxon Mobil broke its own record for biggest U.S. quarterly profit, reporting earnings of $14.83 billion for the July-September period. The previous mark was Exxon Mobil's $11.68 billion profit in the second quarter of this year."
On top of the bank bailout scam, any tax breaks to the oil companies should be unacceptable to the American people, given the oil companies' record.
All the campaign talk by Democrats about rescinding tax breaks for oil companies seem to have gone radio silent.
Well, it needs to be revived big time.
From CommonDreams: "Exxon Mobil Corp. has agreed to pay an additional $6.1 million penalty after it reneged on a promise to cut air pollution from four refineries in California, Louisiana and Texas, the Justice Department said Wednesday.
"The payment stems from an agreement between the government and Exxon Mobil in 2005 - part of a broader push by the Environmental Protection Agency to reduce air pollution from refineries - in which the company agreed to pay $14.4 million in civil penalties and community-related environmental projects, while also installing new air pollution controls at the refineries.
"But Justice and EPA officials said Wednesday that Exxon Mobil violated the agreement by not adequately reducing smokestack sulfur pollution at the refineries as it had promised to do.
"Exxon Mobil said in a statement that the company identified the ongoing sulfur emission problem and brought the matter to the EPA's attention.
" 'Environmental impacts associated with this item were very minor,' Prem Nair, a spokeswoman for Exxon Mobil's offices in Fairfax, Va., wrote in an e-mail. She said the emission problems have been corrected and the company now meets the required EPA standard at the refineries in Beaumont and Baytown, Texas, Torrance, and Baton Rouge, La.
"But the Justice Department saw the matter as a bit more serious.
" 'The Department of Justice will not tolerate violation of our consent decrees,' Assistant Attorney General Ronald Tenpas said in a statement.
"In October, Exxon Mobil broke its own record for biggest U.S. quarterly profit, reporting earnings of $14.83 billion for the July-September period. The previous mark was Exxon Mobil's $11.68 billion profit in the second quarter of this year."
On top of the bank bailout scam, any tax breaks to the oil companies should be unacceptable to the American people, given the oil companies' record.
Comments