Each year, billions of American taxpayer dollars go straight to propping up the oil and gas industries. Not only are these companies most responsible for American contribution to climate change, but they. also benefit from loopholes and laws that allow them to skip over cleaning up the pollution they create. The IMF found that the production and burning of coal, oil, and gas were subsidized by $5.9 trillion in 2020.

Biden asked Congress to get rid of the incentives earlier in 2021 and ordered federal agencies to eliminate all “fossil fuel subsidies.” “I don’t think the federal government should give handouts to big oil to the tune of $40 billion in fossil fuel subsidies,” Biden said.

Source: The Ring of Fire/Youtube

Setting fossil fuel prices that reflect their true cost would cut global CO2 emissions by over a third, an IMF analyst said. In order to balance global temperatures, it is absolutely vital that we move away from fossil fuels, and transition to 100% clean energy,  instead of adding fuel to the fire. Sign this petition to demand Biden and Congress eliminate subsidies and environmental loopholes for the fossil fuel industry!

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