POLITICS
Shell exec.: Focus on tax reform, not subsidies
March 30, 2012
March 30, 2012
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CONTINUED...
totaled $3.5 billion).
The top five oil companies collectively recorded profits of roughly $135 billion in 2011. (See table below). The administration has argued that with energy companies taking in record sums, government subsidies no longer make sense. However, Odum said the legislative focus should be on tax reforms.
"I think what we can do and what we should do in this country is take a very broad look at tax reform. The thing that's important to us as a business and as people competing within an industry is a level playing field. So, that's the discussion we'd like to
totaled $3.5 billion).
The top five oil companies collectively recorded profits of roughly $135 billion in 2011. (See table below). The administration has argued that with energy companies taking in record sums, government subsidies no longer make sense. However, Odum said the legislative focus should be on tax reforms.
"I think what we can do and what we should do in this country is take a very broad look at tax reform. The thing that's important to us as a business and as people competing within an industry is a level playing field. So, that's the discussion we'd like to
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