Rex Tillerson Denies Oil & Gas Subsidies Exist, While Company Profits From Them

Syndicated from post here.

Janet Redman
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.



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