A group of more than 50 Democrats is calling on Speaker Nancy Pelosi
Nancy PelosiBiden, lawmakers mourn Harry Reid Narrow path forward for Build Back Better Biden's policies are not very merry MORE (D-Calif.) and House Majority Leader Steny Hoyer
Steny Hamilton HoyerHoyer calls for update on review of regulations for carrying firearms in House office buildings Clyburn to Democrats itching for leadership role: 'If you want my seat, come get it' Pressley offering measure condemning Boebert MORE (D-Md.) to include a repeal of fossil fuel subsidies in the party’s multitrillion-dollar infrastructure package.
The group, led by Reps. Carolyn Maloney
Carolyn MaloneyOvernight Energy & Environment — New York Democrats go after 'peaker' plants Three House Democrats ask watchdog to probe 'peaker' power plant pollution Judge overturns Purdue Pharma bankruptcy deal over protections for Sackler family MORE (D-N.Y.) and Ro Khanna
Rohit (Ro) KhannaWith soaring demand for meat, it's time to fund animal-free protein research Khanna advocates for 'honest and reflective patriotism' in America Democrats call on Education secretary to address 'stealthing' at federal level MORE (D-Calif.), penned a letter to the Democratic leaders Monday asking that the repeal of fossil fuel subsidies be included in Democrats’ Build Back Better Act because they do not bolster U.S. energy independence or create new jobs.
“Fossil fuel subsidies should be repealed because, instead of enhancing American energy independence or creating jobs, they simply enhance the profits of fossil fuel companies,” the lawmakers wrote.
“We should not fall for the industry myth that these subsidies are necessary for good job creation,” they later added.
They specifically targeted subsidies that are only given to the oil and gas industries, including “the deduction for intangible drilling costs, corporate tax exemption for fossil fuel master limited partnerships (MLPs), percentage depletion, and the dual capacity taxpayer deduction for royalty payments to foreign governments on fossil fuels.”
The Democrats also argued that repealing subsidies for the oil and gas industries would help “advance racial justice,” writing that “Black and Brown communities are disproportionately affected by fossil fuel pollution.”
They wrote Black people are affected by pollution from harmful particles at a rate that is 54 percent higher than the overall population because of “the proximity of petrochemical and related facilities to their homes and neighborhoods.”
The letter also argued that fossil fuel-related jobs are “dangerous,” contending that “Fracking workers are experiencing toxic radiological exposure.”
“For these reasons, we implore you to include the repeal of fossil fuel subsidies in the Build Back Better Act,” the lawmakers wrote.
The idea of repealing fossil fuel subsidies has been a chief priority among Democrats this year.
Senate Majority Leader Charles Schumer
Chuck SchumerBiden, lawmakers mourn Harry Reid Harry Reid, political pugilist and longtime Senate majority leader, dies Mitch McConnell should win 2021's 'Politician of the Year' MORE (D-N.Y.) last week said the bipartisan infrastructure bill and Democrats’ reconciliation spending package would help reduce U.S. carbon emissions by 45 percent by the end of the decade compared to levels recorded in 2005.
Part of that decrease, 3.5 percent, was attributed to “fossil fuel subsidies repeal,” according to a graphic breaking down the 45 percent decrease.
President Biden
Joe BidenBiden, lawmakers mourn Harry Reid 29 percent of GOP support efforts to charge accused Jan. 6 rioters: poll Congress must meet the moment to hold Big Pharma accountable MORE’s budget proposal has also called for eliminating tax provisions that benefit the fossil fuel industry, a move that is projected to generate $35 billion over the course of a decade.
Specifically, the administration is looking to dismiss benefits received by the fossil fuel industry for enhanced oil recovery, a procedure of extraction that allows companies to get fuel they otherwise would not be able to access and another for “intangible” costs such as wages, repairs, supplies and other costs that are necessary for oil and gas drilling.
