US fossil fuel companies took billions in tax breaks – and then laid off thousands

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Figures show 77 companies received $8.2bn under tax changes related to Covid relief and yet almost every one let workers go

and Occidental Petroleum also took in major pandemic tax benefits in the last year while also shedding thousands of workers.

 

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And as usual, senior management at these companies have avoided any financial suffering during Covid. Still, suppose they did have to make the difficult decision to make thousands of workers redundant.....

This system is so crooked and rigged for failure.

Varco, a Houston-headquartered drilling supply company, 22% of the workforce was fired, despite federal government tax assistance amounting to $591m.

That's par for the course

What a 'capitalist' surprise xxx

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