Sentences with phrase «on oil subsidy»

The Senate on Thursday said it would not take any decision on oil subsidy that would aggravate the suffering of Nigerians.

Not exact matches

His rivals play off it on the campaign trail, with the NDP's Thomas Mulcair bemoaning billions in subsidies to the fossil fuel sector and Liberal Leader Justin Trudeau saying Harper «bet everything on the price of oil.»

A version of this article appears in print on July 4, 2010, on Page A1 of the New York edition with the headline: As Oil Industry Fights a Tax, It Reaps Subsidies.

But thanks to the subsidy they get from Canada, refineries in Cushing often enjoy refinery margins, or crack spreads as they're known in the industry, that have been as much as five times what refineries on the Gulf Coast, which have to pay full world oil prices for their feedstock, operate with.

Domestically, he moved forward on introducing land and labour reforms, and with the drop in crude oil prices, he has been able to reduce fuel subsidies.

Kuwait's plan to impose corporate taxes and cut fuel subsidies to reduce the OPEC member's reliance on oil faces a familiar obstacle: a parliament that has resisted previous attempts to Continue Reading

Low oil prices are taking a heavy toll on Saudi Arabia's economy, which is facing even greater austerity under deputy crown prince Mohammad bin Salman Al Saud's plans to raise $ 100 billion a year from subsidy cuts and new levies.

Since last November, Russia has introduced 28 import duty and export subsidies affecting steel, oil and other products as well as imposed special road tolls on trucks from the EU, Switzerland and Turkmenistan.

They are the ones who use racist, nasty comments about the poor on welfare and call them «takers» when in fact the Federal government spends 10 times more on corporate tax loopholes and «corporate welfare» in subsidies to oil companies, the sugar and corn industries and many others.

«The Presidency has also failed to offer explanations on the alleged involvement of its officials in various sneaky oil subsidy deals as well as reported diversion of N1.1 trillion worth of crude last year to service APC interests.

Set up groups and opt - ins for your top campaigns or issues areas (one group might be «medicare» for example «or climate change» or «oil subsidies») and then send most email on those campaigns to people who've taken an action on that campaign in the last 3 months.

«If you take the Economic Intelligence Unit (EIU)[report], they said 2017 and onward is going to be a period of prosperity for Ghana and that is because of the foundation that we have laid, it's because of the work that we have done, we've eliminated a lot of the deficits that were created by huge subsidies on utility tariffs, we eliminated a lot of the subsidies that created huge deficits on the cost of petroleum products, today as I speak, Tema Oil Refinery (TOR) is running, and producing petroleum products for Ghana, we have enough stock of LPG, our tanks and strategic reserves for petroleum products are all full, and, so, we have ships standing offshore Ghana with petroleum products, but there is no space to offload those products, and, so, we've done a good job in stabilising various sectors of the economy.

The Minister of Finance, Mrs. Kemi Adeosun, had, on Dec. 9, confirmed the payment of N407.07 billion fuel subsidy to oil marketers.

Justice Agbim noted that «the fuel subsidy fraud involved corruption and fraud on a very massive scale»; that it involved many oil companies and officials of government's regulatory agencies «looting and stealing of trillions of naira from the Federal Government of Nigeria and threatening the security and economy of Nigeria.»

The Executive Director of the Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi, says government needs to consider scrapping the subsidy on premix fuel, since such monies are only ending in private pockets through the diversion of the commodity meant for the country's fisher - folk.

On May 20, 2015, nine days BEFORE the government was inaugurated, I laid out «Policy Prescriptions» - diversification of production, government revenue, and exports; imperative of a strong and credible economic team and cabinet; targeting «opportunity sectors» (solid minerals, refining and petrochemicals, a new and realistic fiscal regime for upstream oil and gas, private sector investments in power and infrastructure, agro-processing, retail and construction); freeing «up resources from downstream petroleum sector deregulation» emphasizing «an economic reality in which hard decisions including some previously rebuffed by the opposition will have to be taken» a clear reference to the petrol subsidy which government waited a full year before countenancing the critical decision!

In fact, the bill Obama voted for raised taxes on oil companies by $ 300 million over 11 years while providing $ 5.8 billion in subsidies for renewable energy, energy efficiency and alternative fuels.

One of the charges read, «That you, Adegbite Adetoye and Ponnle Abiodun whilst being directors of Origin Oil and Gas Limited on or about the 8th day of October 2010 to December, 2011 in Abuja within the jurisdiction of the High Court of the Federal Capital Territory, Abuja and with intent to defraud, conspired to obtain the sum of N735, 132, 076.18 From the Federal Government of Nigeria under false pretence that the said sum represented subsidy accruing to you, whereas the sum is above the actual subsidy payment for the importation of 15,000 mt of premium motor spirit (petrol) which you claim to have purchased from Vitol SA and imported into Nigeria through MT Silverie which representation you knew to be false.»

The Major Oil Marketers Association of Nigeria, MOMAN, has called on the federal government to pay the fuel subsidy claims owed to its members.

The main subsidy on oil companies is the price people pay to deal with their CO2e emissions.

One of the nation's most conservative districts has made it clear that sacrificing Medicare for continued tax cuts on the wealthiest 2 % and subsidies for oil companies is NOT acceptable.

The Minister of Finance, Mrs Kemi Adeosun, on Tuesday said the Federal Government had fully paid the N48.2 billion outstanding subsidy arrears owed oil marketers in 2015.

He said instead of putting more burden on the people, the APC government should come out clear on the «sleaze in the oil sector» under its watch, particularly the «shady oil subsidy payouts and illegal lifting of N1.1 trn worth of crude, using unregistered companies.»

Between September 2017 and April this year, the oil firm had been incurring what it called under - recovery, which actually is subsidy, on the importation of petrol.

The military practically abolished Nigeria's federal system in favour of a unitary, distributive economy in which we all shared proceeds of oil; they created more and more states eroding sub-national economic viability; they nationalized and indigenized banks and declared that government would hold the «commanding heights» of our economy, marginalizing investment and the private sector brought in «big government»; they implemented «Udoji awards» and other elements of oil and FX subsidies that Nigeria battles to overcome today; and the about - to - depart government of Murtala / Obasanjo took the first $ 1billion jumbo loan that set Nigeria on the path to debt peonage!

«The governments of oil and gas producing countries are already under pressure to reduce spending on subsidies as revenues shrink,» says Jewell.

Removing subsidies in richer oil and gas exporting regions would therefore provide significantly greater emissions savings and have a less detrimental impact on the poor.

$ 8 billion) over first ten years for deficit reductionObeys PAYGO; Starting in 2026, 25 % of auction revenues for deficit reductionFuels and TransportationIncrease biofuels to 60 million gallons by 2030, low - carbon fuel standard of 10 % by 2010, 1 million plug» in hybrid cars by 2025, raise fuel economy standards, smart growth funding, end oil subsidies, promote natural gas drilling, enhanced oil recoverySmart growth funding, plug - in hybrids, raise fuel economy standards $ 7 billion a year for smart growth funding, plug - in hybrids, natural gas vehicles, raise fuel economy standards; offshore drilling with revenue sharing and oil spill veto, natural gas fracking disclosureCost ContainmentInternational offsetsOffset pool, banking and borrowing flexibility, soft price collar using permit reserve auction at $ 28 per ton going to 60 % above three - year - average market price» Hard» price collar between $ 12 and $ 25 per ton, floor increases at 3 % + CPI, ceiling at 5 % + CPI, plus permit reserve auction, offsets like W - MClean Air Act And StatesNot discussedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade suspended until 2017, EPA to set stationary source performance standards in 2016, some Clean Air Act provisions excludedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade pre-empted, establishes coal - fired plant performance standards, some Clean Air Act provisions excludedInternational CompetitivenessTax incentives for domestic auto industryFree allowances for trade - exposed industries, 2020 carbon tariff on importsCarbon tariff on importsReferences: Barack Obama, 2007; Barack Obama, 8/3/08; Pew Center, 6/26/09; leaked drafts of American Power Act, 5/11/10.

For more information on G20 fossil fuel subsidies, including public finance, read Oil Change International and Overseas Development Institute's report: Empty Promises: G20 Subsidies to Oil, Gas, and Coal Psubsidies, including public finance, read Oil Change International and Overseas Development Institute's report: Empty Promises: G20 Subsidies to Oil, Gas, and Coal PSubsidies to Oil, Gas, and Coal Production

That's not the only methodological issue: their study also undercounts subsidies to oil, gas, and coal production, relying on an estimate of $ 23 billion in production subsidies instead of the more than $ 70 billion we've identified in G20 countries alone.

It assessed how oil subsidies could influence investor decision - making and found that the impact of subsidies on oil production (and associated emissions) in the U.S. was potentially very high.

Calling fossil fuels an antiquated technology, like whale oil, Mann points out that alternative energy is growing even without subsidies or a price on carbon.

Yet her warnings fell on deaf ears in the scientific community — much to the public's misfortune — due mostly to the ties between the vegetable oil industry and big - money corporations with their government subsidies.

Obama clearly picked up on bipartisan interest in eliminating distorting energy subsidies, but sadly targeted only oil subsidies in seeking the billions he wants for research and innovation.

This course contains solution - based content encouraging discourse on energy production and extraction, peak oil, fossil fuel subsidies, energy efficiency, equity, energy policy and environmental impacts.

Today, however, particularly in the US, those choices are cushioned by energy prices that don't even reflect what it costs to produce the energy (say «ethanol subsidies» three times), no carbon taxes, and no tax on oil to represent its real or even imagined threats to national security.

North Korea might have been planning to nuke us, but now their unusual leader seems to be more interested in getting lucrative oil subsidies and getting a large screen flat panel 1080p HDTV manufactured in South Korea on which he can watch DVD movies and TV shows from Japan, Hollywood, Bollywood and Europe.

Reuters explains: «Subsidies on oil, gas or coal are meant to help the poor by lowering the price of energy but the report, issued on the sidelines of a 160 - nation U.N. climate meeting in Ghana, said they often backfired by mainly benefiting wealthier people.»

Energy Hidden Oil Subsidies: We Need to END Them 15 Photovoltaics Solar Power Innovations You Must See No Recession for Wind Power Industry More on U.N. Study on Fuel Subsidies UN urges phasing out of energy subsidies Scrapping fuel subsidies can help climate: USubsidies: We Need to END Them 15 Photovoltaics Solar Power Innovations You Must See No Recession for Wind Power Industry More on U.N. Study on Fuel Subsidies UN urges phasing out of energy subsidies Scrapping fuel subsidies can help climate: USubsidies UN urges phasing out of energy subsidies Scrapping fuel subsidies can help climate: Usubsidies Scrapping fuel subsidies can help climate: Usubsidies can help climate: U.N. study

since we are already on the plateau of peak oil, with the oncoming downslope more or less in sight, the cost of energy is going to continue to skyrocket regardless of government's intervention or subsidy for any particular forms of alternative energies.

Trillions are spent on war where oil is the key political factor, hundreds of billions on subsidies for rich companies that reap huge short - term profits, both in fossil fuels and pseudo-green technologies like corn ethanol and biodiesel.

Their critics say their stance, however well intentioned, will produce the real delays, given how much can be done now simply by cutting energy waste with tools already on the shelf — ranging from strengthening efficiency standards to eliminating billions of dollars in persistent fossil - fuel subsidies that continue to make coal and oil much cheaper than they really are when all their hidden costs are revealed.

For example, an «energy security fee» of $ 3.50 per barrel of imported oil would raise approximately $ 15 billion annually; reduced fossil fuel subsidies as proposed by the administration could generate upwards of $ 35 billion over ten years; a utilities electricity fee could raise at least $ 2 billion annually, as included in the Kerry - Lieberman American Power Act; and royalties on new offshore continental shelf drilling could raise more than $ 100 billion over twenty years.

Pay for the green energy subsidies by taxing IMPORTED oil, on which we are dangerously dependent.

On those FF subsidies: just the top 4 oil and gas companies paid $ 254.2 billion in taxes to foreign governments plus had a tax liability in the USA of $ 32.1 billion which they paid $ 15.6 billion and deferred the rest until later.

Under the pretext of «development,» i.e. ending poverty, this Oil Aid is a subsidy to the most profitable industry on earth, the oil industOil Aid is a subsidy to the most profitable industry on earth, the oil industoil industry.

Regardless of what the Heritage Foundation thinks, the government can and does have a role to play... cut taxes on businesses and individuals who help us build a green future, conduct research or provide subsidies for private companies to do it, help people make their homes energy efficient, and educate, educate, educate the American people as to what's at stake if we don't pry ourselves away from the oil / coal / gas faucet.

But that link doesn't touch on the indirect subsidies known as the Gulf War I and II, the securing of the seas for oil transport, and the state department which spends a lot of its time placating foreign governments to insure a reliable supply of oil flows in our direction.

Venezuela's economy was almost entirely dependent on oil exports and unsustainable levels of subsidies to consumers, and when the oil market crashed so did everything else, and they haven't really recovered.

Now we're all out on the campaign trail talking about taking the tax subsidies away from the oil companies, some of which were in that 2005 energy bill.