Posts in Subsidies
Fossil Fuel Subsidy Reform Gaining Momentum Internationally
FOR IMMEDIATE RELEASE 23 May 2012 Contact: David Turnbull, (+1) 202-316-3499 Fossil Fuel Subsidy Reform Gaining Momentum Internationally 111 Countries Mention Subsidy Reform in Latest Submissions to UN Climate Convention; 76 NGOs Call on World Leaders to Take Concrete Steps to Eliminate Global Fossil Fuel Subsidies WASHINGTON, DC – Ahead of upcoming meetings in June of the…
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Dirty Energy Money pouring into Congress faster than ever before
Members of Congress have taken almost $16 million from the oil, gas and coal industries so far in this 112th Congress. That puts this Congress on track to be the dirtiest ever. The information comes to light as part of the latest update of DirtyEnergyMoney.com, a project of Oil Change International which uniquely refines and…
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Obama Says Romney is “Candidate of Big Oil”
After Mitt Romney’s latest victories in the Republican primaries in Wisconsin, Maryland and Washington DC, he is increasingly looking like securing his party’s nomination. The former Massachusetts governor obviously thinks so and in his victory speech he completely ignored his Republican rivals to focus his ire on President Obama instead, calling him an “out-of-touch liberal”….
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Keystone XL benefits from taxpayer subsidies
Sen. Mitch McConnell claimed recently that the Keystone XL Pipeline “doesn’t require a penny of our taxpayer money all the president has to do is approve it.” But our research reveals many places that the pipeline project benefits from taxpayer subsidies. The refineries that are linked to the Keystone XL tar sands pipeline as committed…
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The big, the bad and the subsidized
Sources: Compiled from the quarterly results of each company, publicly available on the investor pages of each company’s websites. $135 billion Not the 2010 GDP of Hungary or Kuwait, no it’s slightly more than either of those. In fact, if it was a figure for the 2010 GDP of a nation, it would rank…
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End “the Century of Subsidy”? Maybe next year…
Slowly but surely the battle lines are being drawn for the upcoming Presidential election. President Obama built his State of the Union address on one of fairness. In doing so Obama reminded Americans that there is a clear choice when it comes to the next election. There is also a choice with energy. Before we…
Continue reading ‘End “the Century of Subsidy”? Maybe next year…’.Shift the Subsidies Database Reveals $40 Billion in Fossil Fuel Funding Over Last Four Years
Development Banks Still Financing Dirty Energy New Database Reveals $40 Billion in Fossil Fuel Funding Over Last Four Years Nov. 30, 2011, Durban, South Africa – Major multilateral development banks have provided financing of over $40 billion to fossil-fuel energy development since 2008, according to the new Shift the Subsidies database (http://shiftthesubsidies.org), launched today by…
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Civil Society to World Bank: Clean Up Dirty Energy Financing
New report shows institution lacking clean energy lending strategy and instead considering a new loan for coal power in Kosovo BASIC South Initiative – Campagna per la riforma della Banca Mondiale (Italy) – Friends of the Earth U.S. – groundWork (South Africa) – International Rivers – Oil Change International – Sierra Club (U.S.) – Urgewald…
Continue reading ‘Civil Society to World Bank: Clean Up Dirty Energy Financing’.Dave Camp: You Get What You Pay For
Written by Ross Hammond The fossil fuel industry is nothing if not clever. Rather than try to defend on the merits of their taking billions of dollars a year in government handouts, they’ve decided to change not only the conversation, but the language itself. So for example an attempt to repeal some of the oil…
Continue reading ‘Dave Camp: You Get What You Pay For’.Pat Toomey: Drill-Baby-Drill, Even in Lake Erie
Written by Ross Hammond Residents of Cleveland and Buffalo (where I grew up) might be forgiven if they were not terribly excited about the prospect of having oil rigs off the shores of their fair cities. But according to Supercommittee member Senator Pat Toomey of Pennsylvania, drilling for oil in Lake Erie might just be…
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