• Iowa Renewable Fuels Association

Sen. Grassley introduces bill to crack Big Oil’s subsidy advantage


Sen. Chuck Grassley, R-Iowa, introduced the Fair Returns for Public Lands Act with Sen. Jacky Rosen, D-Nevada. The bill, introduced March 10, would modernize the royalty rates petroleum companies pay when drilling on public lands, which haven’t been updated for more than 100 years.

“Big Oil loves to claim there would be a so-called level playing field if not for the RFS,” said Monte Shaw, executive director of the Iowa Renewable Fuels Association. “Meanwhile, for over 100 years petroleum companies have been paying pennies on the dollar for resources extracted from public lands. The truth is the playing field can never be level when oil companies have secret advantages. This is just one of many hidden Big Oil tax subsidies and we thank Sen. Grassley for shining a light on it.”


0 comments
Frazier, Barnes & Associates LLC
Global Talent Solutions
PQ Corporation
Agriculture for Energy to Grow Hawaii's Economy
Inflectis Digital Marketing for UCO Collectors and Renderers
Clean Fuels Alliance America
Plasma Blue
WWS Trading
Sealless canned motor pump technology
Advanced Fuel Solutions
HERO BX: Fuel For Humanity
Imerys
Evonik biodiesel catalysts, biobased diesel
R.W. Heiden Associates LLC
Crown
Wolf Material Handling Systems
Haldor Topsoe
Desmet Ballestra
Advertise Today on biobased-diesel.com
Diesel Technology Forum
Clean Fuels Alliance America
RonKo Media Productions LLC
Advanced Biofuels USA
Advertise Today on biobased-diesel.com