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 … Read More
oil and gas subsidies
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 … Read More
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 … Read More
Fred Upton: Dirty Energy’s BFF on the Supercommittee
Written by Ross Hammond There may be no better example of the corrupting influence of Dirty Energy Money in the current Congress than Supercommittee member Representative Fred Upton of Michigan. In July Upton warned of the dangers of private lobbying organizations and special interests “operating in an increasingly competitive lobbying realm in Washington—a world where … Read More
Factual Statement: Big Oil Gets Billions Each Year in Government Handouts
Written by Ross Hammond When it comes to government handouts to the fossil fuel industry, one of the more intractable members of the Supercommittee appears to be Senator Jon Kyl of Arizona, who voted in both 2010 and 2011 to continue to give our tax money to Big Oil. Senator Kyl made a name for … Read More
Story of Broke
Story of Stuff’s latest film – Story of Broke – is now here! And guess what? It’s all about subsidies – and how we can shift our taxpayer money away from the dinosaur economy and towards a clean, bright future! Check it out! And then take action!
Payback Time? The Supercommittee & Fossil Fuel Subsidies
The 12 members of the Joint Select Committee on Deficit Reduction, or “supercommittee,” have received at least $4.2 million in campaign contributions from dirty energy interests lobbying to keep their wasteful taxpayer subsidies, according to a new report from Oil Change International (OCI) and Public Campaign Action Fund (PCAF). The report analyzes the millions of … Read More
It’s Time for Reform: Fossil Fuel Subsidies in Rich Nations are Staggering
Finally a new report, released by the Organization for Economic Cooperation and Development (OCED), begins to quantify how much rich nations—and taxpayers—are supporting fossil-fuel production and consumption. The numbers are staggering. During each of the last five years, between US$ 45 billion and US$ 75 billion in budgetary support and tax expenditures have been provided … Read More
Fred Upton: Big Oil’s Superman in SuperCongress
Numerous recent polls reveal that the American people believe that Congress is more responsive to their campaign donors than their own constituents. In addition, Americans of all affiliations clearly favor ending oil industry handouts. The question is, whose side is Fred Upton on: the American people’s or Big Oil’s? Rep. Upton is Big Oil’s biggest … Read More
Oil Money and the “SuperCongress”
Eight of the twelve members of the newly-named Joint Committee on Deficit Reduction have voted in the last two years to allow oil companies to keep more than $4 billion annually in taxpayer subsidies in place. All six Republicans have consistently voted to preserve oil industry handouts. Oil industry lobbyists have made maintaining these handouts … Read More