Authors: Green For All
While you and I pay skyrocketing prices at the gas pump, oil companies are laughing all the way to the bank. The “big five” — ExxonMobil, BP, Chevron, Shell and ConocoPhillips — made a staggering $32 billion in profit during the first quarter of the year, and they want to keep getting $4 billion dollars in tax breaks.
Clearly, this isn’t right. That’s why Senator Max Baucus has called a hearing for tomorrow, May 12th, where oil executives will be forced to explain their behavior.
Green For All knows that you have questions you want answered. Here’s your chance to voice your opinion.
Phaedra talked about oil subsidies yesterday in the Huffington Post:
"We're only talking about four billion dollars."
That's how former Alaska Governor Sarah Palin defended the tax breaks going to the some of the world's richest corporations: oil companies.
At a time when a record 47 million Americans are living below the poverty line, and unemployment stands at 9 percent, should billions in breaks go to some of the most profitable companies in the world?
Read the full article on the Huffington Post »
Watch Phaedra's interview on MSNBC: