Oil Spill Liability Trust Fund

Ending the tar sands tax exemption: some progress?

Back in May, Earth Track teamed up with Oil Change International and NRDC to look at the tar sands exemption from tax used to finance the US' Oil Spill Liability Trust Fund.  We estimated that the exemption was worth nearly $400 million between 2010 and 2017, despite the fact that tar sands have higher expected spill liabilities than conventional crude.  We concluded that the exemption made no logical sense, and should be repealed or replaced with a separate charge (potentially at a higher rate) on products.  You can read our analysis

Irrational Exemption: Tar sands pipeline subsidies and why they must end

For the past decade imports of tar sands crude oil or bitumen have been increasing. Tar sands is stripmined and drilled in an energy‐and water‐intensive process from under the Boreal forests and wetlands of Alberta. In the process, Canada is destroying critical habitat while releasing three times the greenhouse gas emissions as conventional oil production.

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