Read the following passage and answer if the question is true or false.
Passage: According to a 2015 estimate by the Obama administration, the US oil industry benefited from subsidies of about $4.6 billion per year. A 2017 study by researchers at Stockholm Environment Institute published in the journal Nature Energy estimated that nearly half of U.S. oil production would be unprofitable without subsidies.

Question: does the government give subsidies to oil companies?

Is the answer True or False? Respond with only "True" or "False" and no additional text.
True.