Ending Fossil Fuel Subsidies

Your Daily Snapshot for
Monday, March 26, 2012
Ending Fossil Fuel Subsidies

Earlier this month, President Obama called on Congress to repeal the $4 billion annual subsidies we give to oil companies, and they are scheduled to vote on doing so today. Investing in an all-of-the-above energy strategy requires the putting the right incentives in place.

Instead of subsidizing the fossil fuels of the last century by giving away $4 billion of taxpayer money each year to oil companies that are more profitable than ever, we should be investing in a clean energy future -- especially when gas prices are high and drivers, whose budgets are already stretched thin, are feeling the pain at the pump.

Find out more about the President's energy strategy.

In Case You Missed It

Here are some of the top stories from the White House blog:

Ask President Obama
The U.S. Embassy in Seoul held a competition asking South Koreans to submit questions via social media for President Obama. The top three most interesting questions received written responses from President Obama and you can read them here.

President Obama in South Korea
The President is in Seoul for a nuclear security summit.

Weekly Address: President Obama Says House Must Pass Bipartisan Transportation Bill
President Obama is calling on the House of Representatives to pass a bipartisan transportation bill that would repair crumbling roads and bridges and support construction jobs in communities all across America.

Today's Schedule

All times are Eastern Standard Time (EST).

1:15 AM: The President hosts a bilateral meeting with President Nursultan Nazarbayev of Kazakhstan

5:20 AM: The President participates in a welcome ceremony for the Nuclear Security Summit

5:30 AM: The President attends a Nuclear Security Summit working dinner

6:30 PM: The Vice President and Dr. Jill Biden host a reception in honor of Women’s History Month

[*] Indicates that the event will be live-streamed on WhiteHouse.gov/Live

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