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Sanders, Ellison to File Bill to End Fossil Fuel Subsidies
WASHINGTON, May 8 – Sen. Bernie Sanders (I-Vt.) and Rep. Keith Ellison (D-Minn.), will hold a news conference Thursday to announce legislation that would eliminate all oil, coal and gas production subsidies.
The measure would do away with tax breaks, financial assistance, royalty relief, direct federal research and development and many loopholes that benefit the fossil fuel industry. Under current law, more than $110 billion in federal subsidies would go to oil, coal and gas industries in the coming decade.
The bill is supported by 350.org, Taxpayers for Common Sense, Friends of the Earth, Sierra Club and Defenders of Wildlife. Bill McKibben, founder of 350.org, Erich Pica, president of Friends of the Earth, and Ryan Alexander, president of Taxpayers for Common Sense will join Sanders and Ellision.
Who: Sen. Sanders, Rep. Ellison, Bill McKibben of 350.0rg, Erich Pica of Friends of the Earth and Ryan Alexander of Taxpayers for Common Sense
What: News conference to announce legislation to end fossil fuel subsidies
When: 11:45 a.m., Tuesday, May 10, 2012
Where: Senate swamp Map