NewEnergyNews: $20BIL In Taxpayer $$$ Still Goes To Old Energy

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YESTERDAY

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    THINGS-TO-THINK-ABOUT THURSDAY, October 19:

  • TTTA Thursday- Greenpeace Report Card On IT Green
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  • TTTA Thursday-Texas Shifts Love To Wind From Coal
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    Founding Editor Herman K. Trabish

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  • WEEKEND VIDEOS, October 21-22:

  • Here Comes The EV Invasion
  • EPA Proposes Ratepayer Subsidy For Coal And Nukes
  • Breakthroughs In Climate Change Begin With Communication

    Thursday, October 05, 2017

    $20BIL In Taxpayer $$$ Still Goes To Old Energy

    Taxpayers on Hook for $20 Billion in Dirty Energy Subsidies Annually, New Study Finds

    Andy Rowell, October 3, 2017 (Oil Change International via EcoWatch)

    “…U.S. taxpayers are handing out a whopping $20 billion in fossil fuel subsidies a year…[as] incentives to artificially lower the cost of production or consumption…[and] encourage more drilling or oil, gas or coal use…Many leading climate scientists believe the recent destructive hurricane season is being driven by [climate changes caused by fossil fuel emissions]…The cost of the subsidies to American taxpayers is equivalent to the projected 2018 budget cuts from Trump's proposals to slash 10 public programs and services, including supports for America's most vulnerable children and families [according to Dirty Energy Dominance: Dependent on Denial]…It concludes that…The U.S. federal and state governments gave away $20.5 billion a year on average in 2015 and 2016 in production subsidies to the oil, gas and coal industries, including $14.7 billion in federal subsidies and $5.8 billion through state-level incentives…Repeated proposals by the Obama administration to remove some of the most damaging federal subsidies were thwarted in large part due to the cozy relationship between Congress and the fossil fuel industry…” click here for more

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