Oil & Gas Subsidies Getting Repealed?

The Senate will likely vote soon to repeal about $4 billion in “subsidies” or tax breaks for major oil and gas companies, In February, the White House announced that it plans to eliminate almost $40 billion in fossil fuel tax subsidies over the next decade.  Energy Secretary Chu is scheduled to meet with senior business executives today to discuss the use of tax equity partnerships to finance renewable energy projects, at a summit being presented by the White House.