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Exxonmobil Png Scholarships Form

Exxonmobil Png Scholarships Form

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[Music] [Music] [Music] we've subsidized oil companies for a century that's long enough it's time to end the taxpayer giveaways to an industry that rarely has been their profitable and doubled never [Music] those were the words of President Obama in his State of the Union address to Congress it was a familiar theme that's why we've renewed our leadership within international climate change negotiations that's why we've worked with other nations to phase out fossil fuel subsidies but his words were not lighting up with his deeds just three days before that 2009 speech in Copenhagen a little-known federal agency had awarded a three billion dollar loan to a company that was soon to launch a massive liquefied natural gas project in Papua New Guinea that agency was the export-import bank of the United States it was the largest loan the bank had ever issued and it came with the backing of American taxpayers as it turns out it was also just the beginning of a twenty seven billion dollar lendi

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