An open letter to the U.S. Congress

You’re Billing Taxpayers Twice for Big Oil’s Profits

65 so far! Help us get to 100 signers!

I am writing to demand an immediate end to federal fossil fuel subsidies. These subsidies are fiscally indefensible. The federal government transfers billions of dollars annually to some of the most profitable corporations in history — while carrying debt that every American will eventually pay back. This is not a market. It is a wealth transfer, funded by taxpayers and ratified by Congress. The consequences are not abstract. Americans feel them at the pump, in utility bills, and in the long-term cost of servicing federal debt borrowed in part to sustain these handouts. The subsidy doesn’t lower prices for consumers — it inflates margins for producers. Meanwhile, legislators who accept campaign contributions from fossil fuel interests and then vote to preserve these subsidies are not representing their constituents. They are representing their donors. That conflict of interest deserves to be named plainly. The market argument cuts against subsidies, not for them. If fossil fuels are viable, they don’t need federal support. If they require permanent public financing to remain competitive, that is evidence of an industry past its economic peak — not a reason to continue the subsidy. End fossil fuel subsidies. Redirect that capital toward deficit reduction and energy transition investment. Do your job.

▶ Created on May 4 by New Deal Democrats

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