A new report out today reveals that U.S. taxpayers continue to foot the bill for more than $20 billion in fossil fuel subsidies each year. These subsidies amount to billions of dollars wasted to prop up an industry responsible for a climate crisis that has contributed to lives lost and hundreds of billions in damages this hurricane season alone.
Day: October 3, 2017
Trump’s $20 Billion-a-Year Hand Out to Dirty Energy
Millions of Americans may be struggling to pay routine household bills, but still US taxpayers are handing out a whopping $20 billion in fossil fuel subsidies a year. This is the major finding of a new report Dirty Energy Dominance: Dependent on Denial published by Oil Change International (OCI) today. Subsidies are where the government … Read More
Supplement to “Dirty Energy Dominance: Dependent on Denial”
2015-2016 U.S. International Fossil Fuel Finance Supplement to “Dirty Energy Dominance: Dependent on Denial How the U.S. Fossil Fuel Industry Depends on Subsidies and Climate Denial” September 2017 In total, U.S. public finance for fossil fuels from bilateral and multilateral sources averaged $2.1 billion annually between 2015 and 2016. Figure 1 below shows the breakdown … Read More
Dirty Energy Dominance: Dependent on Denial – How the U.S. Fossil Fuel Industry Depends on Subsidies and Climate Denial
A new report by Oil Change International reveals that U.S. taxpayers continue to foot the bill for more than $20 billion in fossil fuel subsidies each year. Every dollar spent subsidizing this industry takes us further away from achieving internationally agreed emissions goals, and maintaining a stable climate.