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

More on Taxation

Levy reform will clear the path for electrification

Levy reform will clear the path for electrification

As the UK faces yet another global energy crisis, a return to business as usual is unsustainable, writes techUK's Katie Davies

Katie Davies, techUK
clock 24 June 2026 • 4 min read
Reports: Chancellor to scrap planned fuel duty increase

Reports: Chancellor to scrap planned fuel duty increase

Green campaigners angered, as government set to respond to spike in oil prices by cancelling long-planned increase in fuel duty

James Murray
clock 18 May 2026 • 5 min read
'A self-destructive step': Energy industry warns axing carbon pricing could lead to higher bills

'A self-destructive step': Energy industry warns axing carbon pricing could lead to higher bills

The Conservatives and Reform have said they would axe carbon taxes, but Energy UK warns such a move would result in new trade barriers and higher gas prices

James Murray
clock 07 May 2026 • 6 min read