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.
May 30, 2013
By David R. Baker
Chevron CEO John Watson had his hands full Wednesday at the oil company’s annual shareholders meeting in San Ramon.
As usual, he faced tough questioning over the company’s$19 billion pollution lawsuit in Ecuador. Some of the exchanges grew tense, and one of the speakers was ejected from the room. For a full account, check out my story here.