EXXON MOBIL

The Tar Sands Tax Loophole Costing Citizens

A tax loophole exempting tar sands pipeline operators from paying an eight-cent tax per barrel of oil they transport in the U.S. is costing the federal Oil Spill Liability Trust Fund millions of dollars every year. With expected increases in tar sands oil production over the next five years, this loophole may have deprived U.S. citizens of $400-million dollars worth of critical oil-spill protection funds come 2017. Regardless of how many barrels of tar sands oil will be traversing U.S. soil, none should be exempt from spill liability taxes. If anything, corrosive diluted bitumen should be taxed more for the inherent dangers it presents.