Comments on: Oil Execs Try to Defend Tax Breaks Before Senators http://blog.nwf.org/2011/05/oil-execs-try-to-defend-tax-breaks-before-senators/ The National Wildlife Federation's blog Wed, 19 Jun 2013 13:40:00 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Climate Capsule: Congress and Big Oil Battle It Out : Wildlife Promise http://blog.nwf.org/2011/05/oil-execs-try-to-defend-tax-breaks-before-senators/comment-page-1/#comment-9443 Climate Capsule: Congress and Big Oil Battle It Out : Wildlife Promise Wed, 18 May 2011 19:17:12 +0000 http://blog.nwf.org/wildlifepromise/?p=21942#comment-9443 [...] Tensions ran as high as record gas prices when the Senate Finance Committee brought Big Oil’s top five executives to the Capitol for a hearing on proposals that could lead to an end to wasteful taxpayer subsidies. The heads of the five largest oil companies – Exxon-Mobil, BP, Shell, Chevron, and ConocoPhillips – testified that the billions in tax breaks are necessary to continue production and keep energy prices low. ConocoPhillips CEO Jim Mulva even went so far as to claim that ending these taxpayer-funded handouts is “un-American.” The non-partisan Congressional Research Service found that ending subsidies won’t have much of an effect on gas prices. [...]

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