Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

If you’ve been waiting for the right time to support our work—that time is now.

Our mission is simple: To inform. To inspire. To ignite change for the common good.

But without the support of our readers, this model does not work and we simply won’t survive. It’s that simple.
We must meet our Mid-Year Campaign goal but we need you now.

Please, support independent journalism today.

Join the small group of generous readers who donate, keeping Common Dreams free for millions of people each year. Without your help, we won’t survive.

Special Presidential Envoy for Climate John Kerry listens as President Joe Biden speaks on tackling climate change in the State Dining Room of the White House in Washington, D.C. on January 27, 2021.

Special Presidential Envoy for Climate John Kerry listens as President Joe Biden speaks on tackling climate change in the State Dining Room of the White House in Washington, D.C. on January 27, 2021. (Photo: Mandel Ngan/AFP via Getty Images)

Denouncing 'Handouts to Big Oil,' Biden Calls on Congress to End $40 Billion in Taxpayer Subsidies for Fossil Fuels

"Biden campaigned on eliminating fossil fuel giveaways, and voters agree by a huge margin," said one climate activist.

Jake Johnson

In a speech Wednesday outlining his new executive actions aimed at confronting the "existential threat" of the climate crisis, President Joe Biden said he plans to ask the Democrat-controlled Congress to pass legislation eliminating the tens of billions in taxpayer subsidies the federal government continues to hand Big Oil even as the planetary emergency wreaks havoc in the U.S. and across the globe.

"Unlike previous administrations, I don't think the federal government should give handouts to Big Oil to the tune of $40 billion in fossil fuel subsidies," said Biden. "I'm gonna be going to the Congress and asking them to eliminate those subsidies."

While the president did not offer specifics on what he would want a potential bill to look like, Rep. Ilhan Omar (D-Minn.), Sen. Bernie Sanders (I-Vt.), and other progressive lawmakers introduced legislation last year that proposed ending direct federal subsidies to the fossil fuel industry and "abolishing dozens of tax loopholes, subsidies, and other special interest giveaways littered throughout the federal tax code."

The lawmakers estimated the End Polluter Welfare Act would save taxpayers up to $150 billion over the next decade.

Watch Biden's remarks:

Biden's call for legislative action on fossil fuel subsidies came just before he signed an executive order that, according to a White House summary, "directs federal agencies to eliminate fossil fuel subsidies as consistent with applicable law"—a move that would not touch handouts mandated by Congress.

In a series of tweets Wednesday, Alex Doukas of Oil Change International (OCI) argued that Biden's new executive actions and remarks on climate "could set the stage for a massive shift away from public handouts to the fossil fuel industry—not only in the U.S., but around the world."

Collin Rees, senior campaigner at OCI, said in a statement Wednesday that "directing federal agencies to eliminate fossil fuel subsidies where they are able to is a welcome shift from a Trump administration that spent four years doubling down to massive giveaways to oil, gas, and coal."

"Biden campaigned on eliminating fossil fuel giveaways, and voters agree by a huge margin," said Rees. "Taking the climate crisis seriously means prioritizing clean energy and investing in an equitable transition, not propping up an industry destroying the climate and abandoning its workers."


Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

"I'm sure this will be all over the corporate media, right?"
That’s what one longtime Common Dreams reader said yesterday after the newsroom reported on new research showing how corporate price gouging surged to a nearly 70-year high in 2021. While major broadcasters, newspapers, and other outlets continue to carry water for their corporate advertisers when they report on issues like inflation, economic inequality, and the climate emergency, our independence empowers us to provide you stories and perspectives that powerful interests don’t want you to have. But this independence is only possible because of support from readers like you. You make the difference. If our support dries up, so will we. Our crucial Mid-Year Campaign is now underway and we are in emergency mode to make sure we raise the necessary funds so that every day we can bring you the stories that corporate, for-profit outlets ignore and neglect. Please, if you can, support Common Dreams today.

 

'We Need Action': Biden, Democrats Urged to Protect Abortion Access in Post-Roe US

"The Supreme Court doesn't get the final say on abortion," Sens. Elizabeth Warren and Tina Smith wrote in a new op-ed.

Kenny Stancil ·


Motorist 'Tried to Murder' Abortion Rights Advocates at Iowa Protest, Witnesses Say

Although one witness said the driver went "out of his way" to hit pro-choice protestors in the street, Cedar Rapids police declined to make an arrest.

Kenny Stancil ·


'A Hate Crime': Oslo Pride Parade Canceled After Deadly Shooting at Gay Bar

A 42-year-old gunman has been charged with terrorism following what Norway's prime minister called a "terrible and deeply shocking attack on innocent people."

Kenny Stancil ·


'We WILL Fight Back': Outrage, Resolve as Protests Erupt Against SCOTUS Abortion Ruling

Demonstrators took to the streets Friday to defiantly denounce the Supreme Court's right-wing supermajority after it rescinded a constitutional right for the first time in U.S. history.

Brett Wilkins ·


80+ US Prosecutors Vow Not to Be Part of Criminalizing Abortion Care

"Criminalizing and prosecuting individuals who seek or provide abortion care makes a mockery of justice," says a joint statement signed by 84 elected attorneys. "Prosecutors should not be part of that."

Kenny Stancil ·

Common Dreams Logo