Cashing in on all of the above: U.S. fossil fuel production subsidies under Obama

Each year, the U.S. federal and state governments give away more than $21 billion in subsidies to oil, gas, and coal companies to promote increased fossil fuel production and exploration – expanding oil and gas development and increasing the reserves base at the same time that climate scientists around the world agree that we need to leave at least two-thirds of existing reserves in the ground to avoid catastrophic climate change.