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The Tax Breaks That Are Killing the Planet
2014-04-16 00:30:00| Climate Ark Climate Change & Global Warming Newsfeed
Nation: ExxonMobil, the world's largest oil company, hauled in a $32.6 billion profit last year. Chief executive Rex Tillerson got a 3 percent bump in his pay package, sending it above $28 million. And today the company gets its annual boost from the federal government: an estimated $600 million in tax breaks. All told, the government gifts as much as $4.8 billion to the oil industry each year, more than any other country. Much of that comes not as direct handouts but instead via loopholes in the tax...
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Category:Electronics and Electrical