Oil, Coal, & Gas Got $5.9 Trillion In Subsidies In 2020 — IMF Report
Direct and indirect subsidies for fossil fuels reached an all time high in 2020.
coal subsidies
54 Members of Congress (All Democrats) Push for End to Fossil Fuel Subsidies
Originally published by NRDC. By Sujatha Bergen In a letter to House Speaker Nancy Pelosi and Majority Leader Steny Hoyer this week, 54 members of Congress called for an end to more than $120 billion in tax handouts to the fossil fuel industry. “Fossil fuel subsidies are a bad deal for American … [continued]
G20 Nations Spending $63.9 Billion Annually On Coal Subsidies
Days before representatives of the G20 meet in Japan, a new report has been published by the Overseas Development Institute, or ODI, which reveals these nations are spending at least $63.9 billion on coal annually.
Murray Energy Bankrolls Opposition To Lake Erie Icebreaker Wind Farm — #CleanTechnica Investigation
Murray Energy, the largest private-owned coal company in the United States, has been quietly bankrolling opposition to the 20.7 megawatt (MW) Icebreaker Wind project set to be built on Lake Erie in a move that, while not illegal, can easily be described as deceptive.
Ahead Of G7 Meeting, Investors Urge An End To Coal Power & Fossil Fuel Subsidies
288 of the world’s largest investors have written a letter to the G7 leaders, urging them to stop using coal to generate electricity and speed up their actions agreed to in Paris in 2015. A study this week says the world’s nations are still subsidizing fossil fuels to the tune of $100 billion a year.
Is Coal A Patriotic Issue?
This is a voice from behind the Iron Curtain … again! It may sound like history is playing a joke on us here in Poland, but the truth is we are being pushed behind an invisible barrier separating us from a more sustainable West. There is no wall anymore (we’re lagging behind the USA a bit in that matter 😉 ) but a brief look at any interactive map of air quality/pollution will quickly reveal our place in Europe — 33 out of the 50 dirtiest cities in Europe are in Poland. And yet, if you ask a person in the street, you would be surprised how much people still value coal and revere miners. What a paradox!
Renewable Energy Doesn’t Get More In Subsidies Than Fossil & Nuclear Energy Have Gotten, &…
A highly misleading anti-cleantech talking point is that renewable energy “relies on government subsidies,” and that all of the renewable energy growth in recent years is attributable to them. In actuality, fossil fuels and nuclear power have been receiving government support for much longer than renewable energy has. They have received much more government subsidy historically speaking than renewables. And these dirty energy options continue to receive a tremendous amount of government support even though they are overripe industries in many regards.
FERC Thumbs Its Nose At Rick Perry’s “Grid Resiliency” Plan
In September, energy secretary ordered the Federal Energy Regulatory Administration to consider a plan that would pump billions of dollars into the electric generating industry to prop up aging coal and nuclear facilities. Today, FERC told Perry to go pound sand — politely, of course.
Lazard: Wind & Solar Power Costs Continue To Fall, Putting Coal & Nuclear At A…
Lazard is a global asset management company that tracks the cost of producing electricity, among other things. It uses a measure called the Levelized Cost of Energy (LCOE), which averages the estimated costs of construction, maintenance, and fuel for electricity generating assets over the number of megawatt-hours that each is expected to produce over its lifetime. In simple terms, it is one way of comparing different ways of making electricity to see which cost more and which cost less.
G20 Governments Continue Spending Billions In Public Fossil Fuel Financing
G20 countries continue to spend billions in public financing for fossil fuels, spending nearly four times as much than on clean energy, averaging more than $70 billion annually, totaling $215.3 billion in deals for oil, gas, and coal between 2013 and 2015.
