New report exposes billions per year in new fossil fuel subsidies - The Price of Oil

New report exposes billions per year in new fossil fuel subsidies - The Price of Oil: "Our new analysis dives into a shady corporate structure called “Master Limited Partnerships (MLPs)” and seeks to do a more thorough job of quantifying the value of tax avoidance the fossil fuel industry is able to enjoy by utilizing these structures. MLPs were largely ruled out by the IRS for most US industries some 25 years ago, but special rules continue to provide eligibility for fossil fuels, and have allowed a growing range of oil and gas activities to escape corporate income taxes entirely."