Sometimes all you have to do is join the dots. Letâs take three different headlines from yesterday, which are all from the Guardian newspaper in the UK. Headline number one: â’Golden age of gas’ threatens renewable energy, IEA warnsâ The article went on to state: âA âgolden age of gasâ spurred by a tripling of … Read More
subsidies
Fossil Fuel Subsidy Reform Gaining Momentum Internationally
23 May 2012 Ahead of upcoming meetings in June of the G20 in Mexico and the United Nations Rio + 20 Summit, the pace of activity around worldwide efforts to phase out subsidy reform is quickening. Last weekend, the G8 leaders reaffirmed their commitment to phase out fossil fuel subsidies in their statement coming out … Read More
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 … Read More
Senate Fails to Cut Favors to Big Oil, Once Again
Earlier today President Obama challenged Congress to either stand with Big Oil, or stand with the American people. A vote on legislation introduced by Senator Robert Menendez (D-NJ) that would have eliminated over $2.4 billion in annual tax deductions to the top 5 oil companies was subsequently defeated a few hours later. Once again Congress … Read More
Keystone XL benefits from taxpayer subsidies
 Sen. Mitch McConnell claimed recently that the Keystone XL Pipeline âdoesnât require a penny of our taxpayer money all the president has to do is approve it.â 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 … Read More
Oil Industry Profits: 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 … Read More
End âthe Century of Subsidyâ? 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 … Read More
Oil and gas industry dollars fuel Gulf Coast politics
According to a report recently released by the National Institute on Money in State Politics, politicians in the Gulf of Mexico are awash in oil and gas industry contributions. Oil and gas companies, along with their owners and employees, gave $21.1 million to the campaigns for state elected officials between 2003 and 2008 in Alabama, … Read More
World Bank lending for coal up 256%…
Relying exclusively on the World Bankâs own figures, a new analysis shows World Bank Group lending to coal, oil and gas is up 94% from 2007, reaching over $3 billion. Coal lending alone has increased an astonishing 256% in the last year. This is the same World Bank that would like to lead – and … Read More