Big oil receives more than $ 20.5 billion annually from federal and state subsidies. Many of these subsidies date back to the beginning of the industrial era. The biggest tax cut for oil rigs It was 1913. Then there is the tar hole, which provides tax breaks for companies that import or produce tar sand, one of the world’s largest fossil fuels.
Yes, you did. The United States is offering special reductions to fossil fuels for the fossil fuel industry.