DeSmogBlog: Beginning of The End for Big Oil’s Billion Dollar Subsidies?

oil-drum-stuffed-with-money.jpg Democratic Senator Bob Menendez (N.J.) has introduced legislation in the U.S. Senate to kill, once and for all, the billions of dollars worth of subsidies that are flowing from the federal government to the oil industry. Under Menendez’s proposal, the $4 billion annual corporate welfare handed out to oil companies would instead be used to ...