Biden Sets Sights On Scrapping Oil And Gas Subsidies ...Middle East

Economy by : (OILPRICE) -
The Biden administration is planning to eliminate subsidies for the oil and gas industry in its next budget, Reuters has reported, citing a White House document. The report notes that the suggestion to remove government incentives for the oil and gas industry does not exactly stand a great chance of succeeding in Congress given Republican’s weight after the latest midterms. Yet the stipulation will be very much in character for this administration, which has targeted the oil and gas industry for being an oil and gas industry, then for not…

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