Oil Change International

Oil Change International brings a new level of visibility to international credit supports to energy

In a perfect world, publication of what is at its core a listing of financial commitments to energy activities by public banking institutions should not be an item of particular note.  For the most part, the shareholders of these banks are Western nations with a tradition of accountable public institutions and democratically-elected governments.  It would seem only natural that the credit supports (including direct loans, loan guarantees, and various export insurance products) extended by these banks would be easily accessible; and that such information would include which firms got on the

August Oil Subsidy Roundup

Like so many attempts to strip away senseless subsidies before it, the most recent Congressional push to eliminate at least a handful of expensive subsidies to the oil and gas industry was blocked in May.  But the growing deficits remain, and with them the pressure for fiscal austerity and the need to demonstrate a competant bi-partisan ability to govern.  The push to kill these subsidies may well rise again.

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