Syndicated from post here.
Rex Tillerson on Wednesday, under oath, denied the existence of fossil fuel subsidies. This is dangerously incorrect. In fact, the Oil & Gas Industry receives more than $17 Billion in Subsidies per year, and according to our new analysis ExxonMobil likely gets as much as $1 billion of that.
Former ExxonMobil CEO, Rex Tillerson, testified in front of the Senate Foreign Relations committee and may be about to head the State Department – and it’s not looking good for the climate.