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

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

James S Murray
Author spotlight

James S Murray

View profile
More from James S Murray

'Practical change': Top brands launch new UK Packaging Pact

Iran War fossil fuel shock drives inflation to 3.3 per cent

More on Taxation

'Actions don't match the narrative': EV industry slams HMRC appeal against public charging VAT ruling
Taxation

'Actions don't match the narrative': EV industry slams HMRC appeal against public charging VAT ruling

Ministers accused of 'doubling down' on tax system that penalises millions of drivers without access to home charging

Stuart Stone
Stuart Stone
clock 22 April 2026 • 5 min read
CBAM: EU carbon border levy certificate price confirmed for first quarter of 2026
Taxation

CBAM: EU carbon border levy certificate price confirmed for first quarter of 2026

European Commission reveals CBAM certificate price for first quarter of this year as firms importing goods into EU single market prepare to begin purchasing from February 2027

Stuart Stone
Stuart Stone
clock 09 April 2026 • 4 min read
UN tax talks could unlock billions for nature – but only if negotiators get it right
Taxation

UN tax talks could unlock billions for nature – but only if negotiators get it right

Businesses watching nature markets and biodiversity credits should pay closer attention to current UN tax cooperation treaty talks, as they may prove hugely consequential, write Professor Jessica Dempsey and the Tax Justice Network's Luke Holland

Professor Jessica Dempsey, University of British Columbia, and Luke Holland, Tax Justice Network
clock 11 February 2026 • 4 min read