In a new study of 800 undeveloped U.S. oil fields, researchers found that about half of the fields will never go into production … if oil company tax breaks are taken out of the picture. In related matters, without a shadow of a doubt, renewable energy offers jobs. Renewable energy offers jobs with a future — not temporary part-time work, but jobs that are probably sustainable well on into the future.
In many parts of the world, the oil industry reigns supreme. Or nearly so — influencing everything from political decisions, to cultural moments, to the quality of the food you eat and the air you breathe.
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.
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]
Originally published on Kompulsa. The United Arab Emirates’ Energy Ministry has decided to terminate gasoline subsidies, as the country’s economy is being negatively affected by low oil prices. Oil prices will most likely go right back up anyway, but it is uncertain when that will happen. The average cost of … [continued]
Originally published on ClimateProgress Producers of oil, gas and coal received more than $500 billion in government subsidies around the world in 2011, with the richest nations collectively spending more than $70 billion every year to support fossil fuels. Those are the findings of a recent report by the Overseas Development Institute, a … [continued]
Here are some more top clean power stories from the past few days (and a couple dirty power stories): Clean Power, In General Much More Renewable Energy Could Be Integrated Into US Grid (Solar Love) Energy Transition In The Netherlands (Renewables International) Germany’s Renewables Revolution (Rocky Mountain Institute) SDG&E Announces 5 New Renewable … [continued]
The following is the testimony of Daniel J. Weiss before the House Oversight Subcommittee on Energy Policy, Health Care, and Entitlements (PDF), reposted from the Center for American Progress Action Fund: Chairman Lankford, Ranking Member Speier, and members of the Subcommittee, thank you for the opportunity to testify on “The Effects of Rising Energy … [continued]
International Energy Agency (IEA) Chief Economist Fatih Birol made no bones about his opinion on fossil fuel subsidies at the European Wind Energy Association conference this year. Birol said that “[f]ossil fuel subsidies are public enemy number one for green energy.”
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]
