Democrats continue push to repeal oil tax breaks

James S Murray
clock

Senate and House Democrats write to supercommittee urging end to oil industry tax breaks

Senate Democrats are persevering with efforts to force Congress to repeal $21bn of oil industry subsidies and tax breaks as a means of tackling the federal deficit, despite continued opposition from Republicans...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Access our Intelligence Reports and exclusive data-rich studies on business-critical aspects of the green economy (BG Advanced members only)
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Taxation

Government confirms renewables windfall tax plan, delays business support decision

Government confirms renewables windfall tax plan, delays business support decision

Treasury yesterday published technical note finalising details of its controversial new levy on clean electricity generators, sparking fresh warnings tax could undermine green investment

James Murray
clock 21 December 2022 • 5 min read
Credit: House of Commons

Ending UK tax loopholes and subsidies for fossil fuels is a total no-brainer

The government says it has a fiscal hole to fill yet continues to subsidise oil and gas through tax breaks and financial support to the tune of billions of pounds, writes Green Party MP Caroline Lucas

Caroline Lucas MP
clock 24 November 2022 • 4 min read
Electric vehicles represent a $7tr market opportunity by 2030 alone, according to BNEF | Credit: iStock

Fiscal green hole: Is the UK tax system fit for net zero purpose?

Treasury urgently needs to provide green tax roadmap that can boost investor certainty and enable net zero transition, Green Alliance report argues

James Murray
clock 23 November 2022 • 8 min read