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.
Janet Redman, U.S. Policy Director at Oil Change International, responds to the late night release of the Department of Energy’s long-anticipated study of the U.S. electricity grid.
“Trump has once again proved himself to be a reckless cynic doing the bidding of his billionaire developer friends. What he and his big business cronies call ‘streamlining,’ Americans recognize as cutting corners and ramming dangerous projects down the throats of citizens voicing opposition.”
Yesterday, Sens. Whitehouse (D-RI), Heinrich (D-ND), Capito (R-WV) and Barrasso (R-WY) introduced the Carbon Capture Utilization and Storage Act, legislation to extend and more than double tax credits to fossil fuel companies for using climate pollution to extract more oil.
The Energy and Natural Resources Act of 2017 (S.1460) would pave the way for fossil fuel expansion, locking in decades of dirty energy and undermining the necessary clean energy transition.
The myth that opening up more public lands and waters for fossil fuel production will result in a windfall for America is dead wrong. The only windfall from this production is enjoyed by oil, gas, and coal executives.
In a huge industry giveaway, Trump’s Department of Interior budget increases funding for oil, gas, and coal expansion by more than $34 million – and slashes renewable energy by at least $15 million.
A new report examines the extensive support for fossil fuel production on public lands and waters, provided by the U.S. government to the fossil fuel industry through a combination of direct subsidies, enforcement loopholes, lax royalty collection, and stagnant lease rates.
Today, Sens. Merkley (D-OR) and Sanders (I-VT) launched a bill that takes a huge step toward aligning government policy with what climate science tells us is necessary – a transition to a 100% carbon-free economy, as soon as possible.
Today Rex Tillerson, under oath, denied the existence of fossil fuel subsidies. In fact, according to our new analysis ExxonMobil likely gets as much as $1 billion in subsidies each year.