One of the big applause lines in President Obama’s recent
Georgetown “climate action plan” pitch declaring an all-out EPA war on coal and
it’s fossil cousins said: “And because
billions of your tax dollars continue to still subsidize some of the most
profitable corporations in the history of the world, my budget once again calls
for Congress to end the tax breaks for big oil companies, and invest in the
clean-energy companies that will fuel our future.”…..more
regulation is essential to bludgeon energy producers and consumers to abandon
climate-ravaging fossil fuels in favor of heavily taxpayer-subsidized
“alternatives”… and eliminate that Big Oil tax break subsidy advantage……Heather
Zichal has said that the Obama administration can accomplish these objectives
through policies that “don’t require
any new laws or any new technologies.” In addition to using a
global warming ruse to unleash a regulatory onslaught under the claimed auspices of EPA’s Clean Air Act, Politico notes that
Obama will also pursue “improved energy efficiency for
homes and businesses, more investments by the Interior Department and other
investments in clean energy research and production, and a phase-out of fossil
fuel subsidies”…… Now, does anyone really think that Congress should give them
another $4 billion this year?” When the crowd yelled “no,” Obama said: “Of course not — it’s outrageous.”
But wait a minute…what subsidies?
And how did he arrive at that $4 billion figure?...To Read More……
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