Big Oil Lobby Claims The Industry ‘Gets No Subsidies, Zero, Nothing’

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Screen shot 2014-01-15 at 4.49.09 PMBy Rebecca Leber | January 9, 2014

Despite ranking among the most profitable corporations in the world, Big Oil benefits from $4 billion in annual tax breaks. It fights to maintain them through aggressive political donations, lobbying, and heavy ad spending, but also employs another tactic: Pretending these tax breaks don’t exist.