Oil companies are some of the most profitable corporations in the world. Yet they receive between 20 and 40 billion dollars a year in subsidies, according to a report produced for the OECD by Earth Track, an independent energy information research organisation in Boston, Massachusetts.
LORRAINE CHISHOLM interviews Stephen Leahy an environmental journalist who documented these facts in a recent article. Listen to podcast
Read article: ‘Bailout’ for Oil Companies $20-40 Billion (and maybe more) every year
Speaking of subsidies, here’s my articles on ethanol and biofuels :
Quotes From Six Experts On Ethanol
Biofuels: Another Good Reason to Hate American Policy
Ethanol: The Great Big Green Fraud
Record $Financing For Biofuels, Not Food