Published on May 21st, 2012 | by Zachary Shahan


Fossil Fuel Subsidies to Cost US 113,000,000,000 in Next 10 Years (Not Including Climate & Health Damage) without Change

May 21st, 2012 by has launched a big campaign against fossil fuel subsidies. As part of that, it is presenting some pretty startling and inconvenient facts about the cost of these subsidies to the US public. This subsidy counter is especially awesome, yet scary:

Adding on to that, Jamie Henn of writes:

“Watching that bottom number tick up with every passing second is pretty outrageous, but there’s good news: we now have an opening to end these taxpayer handouts to corporate polluters. A new poll revealed that 70% of Americans — including majorities of Democrats, Independents, and Republicans — support ending fossil fuel subsidies.

Indeed, we do.

As I’m writing this, over 100,000 people have actually signed a petition asking that we cut these fossil fuel subsidies. Of course, if you haven’t already, you can sign it too!

As the petition page notes:

Sen. Bernie Sanders and Rep. Keith Ellison launched a new piece of legislation that would repeal $113 billion of tax-breaks, handouts, and subsidies for the fossil fuel industry over the next 10 years.

Not only is fossil fuel the richest industry on earth, but any of us who pay taxes write it a hefty check each year. It’s as if we’re paying them a performance bonus for wrecking the climate. We’ll never get to renewable energy if we keep handing gobs of money to oil and coal and gas.

The bill would strip away these outrageous subsidies. As you can imagine, the fossil fuel industry is going to fight back hard, so we need to come out as strong as possible.

So, again, go and sign the petition!

For a little more inspiration, though, here’s a signature counter that will apparently automatically update as new signatures come in:

End Fossil Fuel Subsidies: Sign the Petition

Check out our new 93-page EV report, based on over 2,000 surveys collected from EV drivers in 49 of 50 US states, 26 European countries, and 9 Canadian provinces.

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About the Author

is tryin' to help society help itself (and other species) with the power of the typed word. He spends most of his time here on CleanTechnica as its director and chief editor, but he's also the president of Important Media and the director/founder of EV Obsession, Solar Love, and Bikocity. Zach is recognized globally as a solar energy, electric car, and energy storage expert. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in.

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