A Quote by Bernie Sanders
Most of us have not heard about Master Limited Partnerships. These special financing arrangements allow oil and gas investors to avoid paying certain corporate income taxes, but are not available to clean energy businesses.
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First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's higher than the U.S. statutory rate of 35 percent and the rate for manufacturers of 26.5 percent.
In 1979 I teamed up with my friend and business partner, Bill DeWitt, and together we formed an oil and gas company that invested through limited partnerships in oil and gas exploration.
The month of April 2000 will provide an unprecedented showcase for the clean energy options available to individuals, businesses and the government, .. As tens of millions of people take action to support clean energy during Earth Month, the 'New Energy for a New Era' campaign will catapult us toward a clean and affordable energy future.
Governments must address inconsistencies in their energy strategies, consider the links with broader economic policies, and stop sending mixed signals to consumers, producers, and investors. In particular, they must assess whether the right regulatory arrangements are in place to allow clean-energy investments to compete on a risk-return basis.
Natural gas has been sold as clean energy. But when the gas comes from fracturing bedrock with about five million gallons of toxic water per well, the word “clean” takes on a disturbingly Orwellian tone. Don’t be fooled. Fracking for shale gas is in truth dirty energy.
The technology is available to us today to begin the transition to 100 percent renewable energy. What is keeping us from making that transition is nothing more than misinformation, a lack of knowledge by most people of what is available, and an unwillingness on the part of many of our politicians for either ideological slavishness or something more self-serving, like major campaign contributions from the oil and gas corporations or from utilities who enjoy the monopoly they have on our energy systems.
Britain has squandered its windfall of natural resources from North Sea oil and gas. Instead of prudently investing the 'unearned income' from nature, to build a safe, clean and green energy supply for the nation, we face unnecessary shortages. But there is still a chance to put the proceeds from liquidating our fossil fuel assets to better and more appropriate use. Instead of oil companies profiteering from climate change and oil depletion, a windfall tax could establish an Oil Legacy Fund to pay for Britain's urgent transition to a sustainable, decentralised energy system
Between income taxes and employment taxes, capital gains taxes, estate taxes, corporate taxes, property taxes, Social Security taxes, we're being taxed to death.
If you ask the average person on the street about U.S. energy and U.S. oil in particular, our situation, most Americans would say, 'Oh, we're energy poor; we don't have enough oil; we don't have enough natural gas.'
Income taxes are very poor at generating income from automation because the gains are realized by technology companies that are experts at not paying taxes.
The transition from coal, oil, and gas to wind, solar, and geothermal energy is well under way. In the old economy, energy was produced by burning something - oil, coal, or natural gas - leading to the carbon emissions that have come to define our economy. The new energy economy harnesses the energy in wind, the energy coming from the sun, and heat from within the earth itself.
Making big investments to get off oil, making clean energy alternatives widely available and cheap, and creating millions of new jobs in clean energy industries is a winner with American voters and can carry the whole suite of policies that we need to address global warming.
We should not allow wealthy people, including corporate criminals, to hide their assets and avoid paying their bills.
One point I like to stress is that we should think of coal, oil, natural gas, and nuclear, as clean energy.
Coal used to be a very dirty fuel but coal has become cleaner and cleaner over the decades. Clean coal now is quite clean. Clean coal now has the same emissions profile as natural gas. Clean coal can become cleaner still. We can take even more of the pollutants out of coal and I believe we should. Clean coal, I think, is the immediate answer to Canada's energy needs and the world's energy needs. There are hundreds of years available of coal supplies. We shouldn't be squandering that resource. We should be using it prudently.
Clean energy is about offering people the opportunity to do what's right for themselves and the people they love. It's about reducing the pollution that makes people sick. It's about helping the low-income families struggling to pay their gas and electricity bills.
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