Why does Big Oil need government handouts when it is making record profits?
A [US] bill to be voted on Thursday would cut federal benefits by a third and give them to renewable-energy programs…
Nevertheless, the proposed cuts go only so far. Even if the House’s new clean-energy legislation becomes law, the oil and gas industry will remain by far the largest recipient of federal energy largesse, receiving by some estimates four times the money of the next largest recipient: the nuclear industry.
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