This is a guest post by Lukas Ross from Friends of the Earth.
Big Oil has been subsidized to the hilt for over a hundred years. In the U.S. the spoils include everything from special interest tax breaks and accounting gimmicks to royalty-free leasing and government sponsored R&D. Add them all together and every year the costs run into the billions.
But one subsidy never seems to make the list, which is a shame because it is hardly small and incredibly polluting. What is it? Royalty-free flaring on public and tribal lands is a giant loophole that President Obama has the power to close before he leaves office.