Published on Monday, October 10, 2011 by
OtherWordsBig Oil: $135 Million -- School Children: 0by Jim Hightower
When is it not enough to have too much? Apparently, when you're a giant oil corporation.
Big Oil's avaricious honchos are always searching for another dime they can slip into their corporate pockets, no matter whom it hurts. A crude example of their ceaseless money grab is presently unfolding in Texas.
Led by Valero Energy Corp., one of the nation's largest petro-dealers, at least 16 huge refiners are trying to poke a lucrative loophole into the state's tax laws. Since 2007, these refiners have been required by the EPA to help cut the deadly air pollution spewing from America's vehicles by installing "hydrotreater" equipment that removes toxic sulfur dioxide from the gasoline they sell.
They did — but they're petulantly demanding a retroactive refund on property taxes they've paid since then on the hydrotreaters, claiming that any industrial equipment that reduces on-site pollution is tax-exempt. Nice try, but the professional staff of the state environmental agency points out that this reduction in air pollution doesn't occur on-site, but in people's cars. Indeed, the air around the refineries is actually more toxic now, because the corporations are simply burning off the sulfur dioxide they remove from the gasoline. .........(more)
The complete piece is at:
http://www.commondreams.org/view/2011/10/10-7
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