RAN: End Oil Aid!

November 14th, 2006 7:56 pm by Kelly Garbato

Via the Rainforest Action Network:

End Oil Aid!

For more than three decades rich countries have been using aid money and international institutions like the World Bank to channel billions of dollars in subsidies to Big Oil. This “Oil Aid” diverts money that should be available to fight poverty and instead uses it to finance the work of international oil companies in impoverished countries who take the oil and export it to back to the United States and other rich countries. The End Oil Aid campaign is working to stop these perverse subsidies. We want limited development assistance to focus on efforts such as debt cancellation and alternative energy instead of being poured into the pockets of the oil industry. And we need your help! Congresswoman Nancy Pelosi, the next Speaker of the US House of Representatives, has made a commitment to roll-back government handouts to Big Oil.

Please sign the petition [here] to Congresswoman Pelosi thanking her for her leadership on this issue and highlighting the importance of ending oil aid as part of the broader effort to stop perverse subsidies to oil corporations.

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