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.
oil 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.
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]
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.
We Should Not Bail Out Oil Companies
We should not bail out oil companies. But we probably will since Trump is scrambling to do just that. As we know, the price of oil in the US fell below zero for the first time ever the other day.
Taxpayers Give $400 Billion To Oil Companies Each Year, Enough For 91 Tesla Gigafactories
The article, noting that we spend $400 billion on oil subsidies globally, indicates that taxpayers want their governments to stop subsidizing this rich, over-mature industry, yet politicians keep the money funneling toward them.
Republican Senator Proposes Taking Away US EV Tax Credit
A Republican Senator from Wyoming thinks that thinks that helping to clean up our air, lead in an extremely fast growing industry, and stop global scorching is not a good idea. U.S. Senator John Barrasso (R-WY) has proposed killing off the federal zero-emission vehicle (ZEV) tax credit via a bill he has introduced, the Fairness for Every Driver Act.
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.
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.
California Continues To Move Toward Electric Mobility
Love the state or hate it, California is a green electric mobility bastion of projects, programs, and innovations. And the California Public Utilities Commission just approved no less than 15 utility pilot programs to accelerate the widespread electrification of mobility.
