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.
natural gas subsidies
Progressive Caucus Presses for End to Fossil Fuel Subsidies
The letter, signed by CPC Chair, Rep. Pramila Jayapal (D-Wash.), CPC Deputy Whip, Rep. Ro Khanna (D-Calif.), and other CPC leaders comes after more than 50 Members of Congress urged leadership to include the repeal of fossil fuel subsidies in the Build Back Better Act.
Why Are We Subsidizing Fossil Fuels? Seriously
Supporting renewables can cut emissions and boost the economy, all while providing cost-competitive energy. Yet the Trump Administration continues propping up the fossil fuel industry — despite the sector facing real financial problems that began long before the COVID-19 pandemic.
Report: Cut Fossil Fuel Subsidies To Cut Carbon Emissions
A new method of gauging the impact of fossil fuel subsidies on country-scale carbon emissions was recently examined in a report from The School of Public Policy at the University of Calgary. The report’s author Radek Stefanski utilized the method to create 30-year-long database incorporating figures from 170 different countries. … [continued]
Oil Subsidies & Natural Gas Subsidies — Subsidies For The Big Boys (Not For Society)
Following up on my post earlier today on the subsidies given to coal, here’s a post covering oil and natural gas subsidies a bit. Just as with coal, oil and natural gas cause a tremendous amount of pollution, which surely lands them sizable subsidies in the form of uncorrected externalities … [continued]
Decades of Federal Government Support Spurred Natural Gas Boom
Love it or hate it, there’s no denying that the U.S. is in the midst of a shale gas boom. Armed with a horizontal drilling technique that allows companies to access natural gas trapped in shale formations, the industry’s production has surged and prices have fallen to historic lows. […]
Twitter Storm to End Fossil Fuel Subsidies
Oakland, 7 June 2012 — Campaigning organizations from around the world will join forces on June 18 for a 24-hour ‘Twitter storm’ in which tens of thousands of messages will be posted on the social networking site demanding that world leaders use Rio+20 to agree to end fossil fuel … [continued]
Fossil Fuel Subsidies to Cost US 113,000,000,000 in Next 10 Years (Not Including Climate &…
350.org 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 350.org … [continued]
