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2 Apr 5:00am

US fossil fuel companies took billions in tax breaks – and then laid off thousands

The Guardian
Figures show 77 companies received $8.2bn under tax changes related to Covid relief and yet almost every one let workers go Fossil-fuel companies have received billions of dollars in tax benefits from the US government as part of coronavirus relief measures, only to lay off tens of thousands of their workers during the pandemic, new figures reveal. A group of 77 firms involved in the extraction of oil, gas and coal received $8.2bn under tax-code changes that formed part of a major pandemic stimulus bill passed by Congress last year. Five of these companies also got benefits from the paycheck protection program, totaling more than $30m.
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