Fossil Fuel Industry and Koch Brothers

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Ozark Hellbender
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Fossil Fuel Industry and Koch Brothers
4 months ago

It seems that every year, renewable energy advocates are forced to respond to some false claims made by oil or coal interest groups trying to mislead the public and legislators

fossil fuel companies defend their subsidies and tax breaks and don’t want clean energy competitors to cut into their support.

An estimated $447 billion in tax dollars through subsidies and tax breaks that fossil fuel companies have received since 1918.

So it is easy to see that the American taxpayer has paid the money that the Koch Brothers now have in accumulated wealth. And are continuing to do so today.

The Koch brothers, oil billionaires who also own large coal companies. Their political arm, Americans for Prosperity, is targeting vulnerable Republican members of Congress with an estimated $75 million ad campaign urging them to let the renewable energy production tax credit expire this December "once and for all."

the truth is that the fossil fuel industry has been propped up by the federal government for nearly 100 years and likely could not maintain its competitive edge without the government’s support (nor provide the Koch brothers with their billions)

And because coal subsidies don’t have to be renewed every year, we don’t get to have a debate about why an industry that is supposedly so competitive and so good for America needs to continue paying.

fossil fuel subsidies and tax breaks

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