It's time for the free ride to end!
Oil companies are making record profits. And yet, companies like BP, Chevron, ConocoPhillips, ExxonMobil, and Shell currently hold drilling leases that allow them to produce oil and gas from our waters without paying one cent in royalties to the American people.
This has already cost more than $11 billion in forgone revenue, and is expected to cost another $15.5 billion over the next decade.
Oil companies and their allies in Congress can no longer defend these windfalls that cheat our taxpayers. Join Ed and tell Congress: No more free ride for Big Oil and Gas!
The largest oil & gas companies are doing just fine — we cannot afford to squander tens of billions of taxpayer dollars in free drilling for Big Oil and Gas.
Oil and gas companies shouldn’t be getting a free ride while America’s families struggle to get by.
This wasteful practice is costing taxpayers tens of billions of dollars. It needs to end now.
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