Ellison targets oil subsidies
- Blog Post by: Kevin Diaz
- May 10, 2012 - 5:12 PM
U.S. Rep. Keith Ellison, D-Minn., teamed up with Sen. Bernie Sanders, I-Vt., at the U.S. Capitol Thursday to roll out largely symbolic legislation ending billions of dollars in oil, coal and gas subsidies.
The measure, highly unlikely to get traction in a Republican-led House, would do away with all tax breaks, financial assistance, royalty relief, direct federal research and development, and many loopholes that benefit the fossil fuel industry.
The effort comes as the Obama administration has endorsed new oil and gas exploration along the East Coast, a prelude to potential new drilling leases.
© 2013 Star Tribune