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Fossil Fuels

Obama Lays a Smack Down on (Some) Oil Subsidies

 

Obama has been talking about Big Oil’s $4 billion in annual subsidies and its record profits everywhere he goes lately. I’ve mentioned his comments on this topic from 5 different speeches in posts over the last few weeks, I think. So, it’s not a huge surprise that he used his last Weekly Address to lay the smack down on Big Oil, but it’s still exciting.

However, always looking to take into account the full cost of tapping our various energy sources, I’ll just add the quick note that these figures don’t take into account the cost of wars focused on protecting our foreign oil supplies. Nonetheless, this is great messaging from the White House and a great issue to tackle. Here’s a White House post from today on this:

[repostus hash=79291b506e09c6fece5a096eb65a577a title=Invest%20in%20a%20Clean%20Energy%20Future%20by%20Ending%20Fossil%20Fuels%20Subsidies host=The%20White%20House short=18dLE]

 
 
 
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Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

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