Saturday, October 29, 2011

Exxon's Profits Hit $31 Billion So Far This Year, Yet Big Oil Subsidies Flourish


Steve Snodgrass via Flickr/CC BY 2.0 I'm not sure this can even be considered news anymore, given the regularity with which it happens: ExxonMobil has posted massive earnings. Again. The oil giant claims quarterly earnings of $10.3 billion dollars, bringing the yearly total thus far to $31 billion. And yet, this obscenely profitable company still gets annual federal handouts to the tune of billions of dollars a year. To make matters worse, Read the full story on TreeHugger

Source: http://www.treehugger.com/files/2011/10/exxons-profits-hit-31-billion-so-far-year-yet-big-oil-subsidies-flourish.php?campaign=th_rss_science

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