The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
As Congress debates what actions to take to avoid the so-called “fiscal cliff” perhaps no programs are less worthy of government support than those which subsidize Big Oil, Gas and Coal. Read on to understand:
- How oil, gas and coal companies undermine your children’s futures,
- Why these subsidies are a waste of taxpayer dollars, and
- What you can do to stop them.
Imagine if your government gave a company a sweet deal to build your local playground. Then, that company dumped toxic waste underneath where your kids play everyday, just because it was the most profitable thing for them to do.
What would you do? Obviously you’d protect your children and demand that the company fully pay to clean up their mess. You’d demand that the company pay for any medical help needed by your kids. Finally, you’d demand that your government immediately stop sending your tax dollars—subsidies—to that company.
That company is Exxon, the playground is our planet, and the sweet deal they get is by way of massive government handouts. But Exxon is not alone; their competitors and industry friends in the fossil fuel game are all running their businesses in a way that is ruining our children’s futures.
In short, if you judge Exxon and other fossil fuel companies not by the words on their press releases, but by their actions and predictable consequences, Exxon really must hate your children. The facts speak for themselves.
Consider the following:
Exxon must hate your children because their business model depends on drilling for more and more of the fuels that cause climate disruption, even though fossil fuel companies have already discovered significantly more oil, gas and coal than scientists say we can safely burn. They are creating climate chaos every day—and they’re getting rich doing it.
Even the International Energy Agency now agrees that in order to have even chances of limiting global warming to just 2 degrees Celsius (beyond which the worst impacts of warming will kick in), two-thirds of the current proven reserves of fossil fuels must remain in the ground by 2050.
Exxon must hate your children because, for years, they spent millions funding a coordinated campaign to create confusion about climate science, which slowed the move towards a more sustainable future. Now Exxon (finally) admits that climate change is a problem, but…
- They say they can’t predict what will happen, and
- Therefore they will continue business as usual.
In June 2012, Rex Tillerson, the CEO of Exxon, acknowledged that burning of fossil fuels is warming the planet, but said society will be able to “adapt”. Tillerson blamed a public that is “illiterate” in science and math, a “lazy” press, and advocacy groups that “manufacture fear” for misconceptions around the oil and gas industry.
Exxon must hate your children because they and other fossil fuel companies send campaign contributions to candidates for Congress, and in turn, they get massive subsidies … at the expense of more important causes. For every one dollar Big Oil spends on political contributions, they get $59 back in subsidies—a 5,800 percent rate of return. Meanwhile, they make record profits—in 2011, just the five biggest oil companies alone (including Exxon) made roughly $135 billion in profits. The at least $10 billion annually in our tax dollars that goes to supporting these rich fossil fuel companies should instead go to building a safe future for all our children.
Exxon must hate your children because climate change threatens the future of all of our children, and they seem to just ignore it. Even before Superstorm Sandy hit the East Coast of the U.S., we were witnessing climate impacts on a daily basis, and they’re only getting worse. Just this summer, we’ve seen drought engulf the breadbasket of America. We’ve seen freak storms ravage the Midwest and east coast. All of these impacts are consistent with scientific predictions of climate change. Yet Exxon continues drilling and funding Congressional campaigns, in order to get more subsidies to feed their addiction to their climate-destroying profits.
So, to Exxon, your children’s safe futures stand in the way of their massive profits. They peddle influence, throw their money around and lobby their way to more subsidies, more obscene profits … and a more dangerous future for the rest of us.
Exxon, and all other oil, gas and coal companies, talk a good game. Their slick ads—which they have the money to place almost everywhere thanks to record profits supplemented by government handouts—promise jobs, prosperity, energy security and a brighter future. Unfortunately, the only promise that they are likely to deliver on is the promise of profits—which won’t matter for your children, who will have to pay the price.
This is not a problem we will solve overnight. To start though, we can demand that Exxon, and all other oil companies, stop using our money to fund climate destruction.
Visit EcoWatch’s ENERGY page for more related news on this topic.
EcoWatch Daily Newsletter
By Zak Smith
It is pretty amazing that in this moment when the COVID-19 outbreak has much of the country holed up in their homes binging Netflix, the most watched show in America over the last few weeks has been focused on wildlife trade — which scientists believe is the source of the COVID-19 pandemic. Make no mistake: Tiger King: Murder, Mayhem and Madness is about wildlife trade and other aspects of wildlife exploitation, just as surely as the appearance of Ebola, SARS, MERS, avian flu and probably COVID-19 in humans is a result of wildlife exploitation. As a conservationist, this is one of the things I've been thinking about while watching Tiger King. Here are five more:
By Hector Chapa
With the coronavirus pandemic quickly spreading, U.S. health officials have changed their advice on face masks and now recommend people wear cloth masks in public areas where social distancing can be difficult, such as grocery stores.
But can these masks be effective?
By Carey Gillam
Bayer AG is reneging on negotiated settlements with several U.S. law firms representing thousands of plaintiffs who claim exposure to Monsanto's Roundup herbicides caused them to develop non-Hodgkin lymphoma, sources involved in the litigation said on Friday.
With many schools now closed due to the current COVID-19 outbreak, you may be looking for activities to keep your children active, engaged, and entertained.
Although numerous activities can keep kids busy, cooking is one of the best choices, as it's both fun and educational.
Germany's target for renewable energy sources to deliver 65% of its consumed electricity by 2030 seemed on track Wednesday, with 52% of electricity coming from renewables in 2020's first quarter. Renewable energy advocates, however, warned the trend is imperiled by slowdowns in building new wind and solar plants.