Live Breaking News & Updates on Green Municipalities Fund

iPolitics
By iPolitics. Published on Apr 8, 2021 10:40am
U.S. President Joe Biden in January (Twitter Photo: @POTUS)
The Lead
The Treasury Department estimates that eliminating subsidies for fossil fuel companies would create more than $35 billion in tax revenue over the coming decade. It also said the current subsidies undermine energy independence, hinders the fight against climate change, and harms air and water quality across the country, especially in communities of colour.
“Tax preferences for oil, gas and coal producers today decrease their tax liabilities relative to other firms,” the Treasury said in a statement. “Fossil fuel companies additionally benefit from substantial implicit subsidies, since they sell products that create externalities but they do not have to pay for the damages caused.” ....

France General , United States , El Salvador , Mauna Loa Observatory , Catherine Mckenna , Janet Yellen , Annamie Paul , Seamus Oregan , Jagmeet Singh , Erika Heyrman , Amara Possian , Bc Supreme Court , Un Intergovernmental Panel On Climate , Jones Group , Treasury Department , Green Municipalities Fund , National Capital Region Canada , Green Party , Secretary Janet Yellen , President Joe Biden , Matt Finer , Amazon Conservation , Industrial Revolution , Climate Change , Luanda Refinery , West Texas Intermediate ,