The oil and gas industry’s dangerous answer to climate change

  No one is immune to the effects of the climate crisis—not even those responsible for its causes. Rising sea levels, record heat, unprecedented extreme weather disasters, and increasingly unstable environmental conditions are making it costlier and more difficult for oil and gas companies to operate in environments that their own destructive practices have altered. The same ecological fallout that hurts communities is hitting the industry’s bottom lines.

The Trump budget is full of giveaways to coal and oil companies

  This week, the Trump administration released its proposed budget for funding the federal government in 2019. With extensive cuts to health care, schools, scientific research, and nutrition assistance, Americans across the country would suffer under this proposal. However, there are some clear winners who would benefit from the Trump budget, particularly, the fossil fuel industry.

  After receiving billions in tax cuts at the end of last year, oil and gas companies can expect another year of record-breaking profits. While Exxon alone received $5.9 billion in tax breaks, companies that do oil exploration can expect an additional $190 billion in profits. And Wednesday, the second-largest coal company in the country, Arch Coal, announced the new tax plan would lower their tax rate to “effectively zero.” To pay for these giveaways, the Trump budget proposes cutting several programs that enforce pollution laws, fund clean energy innovation, and protect outdoor places. Trump’s cuts effectively subsidize oil, gas, and coal companies, severely hamper renewable energy growth, all while weakening protections for public health and the outdoors.