“Pruittās move to repeal the Clean Power Plan shouldnāt come as any surprise. Heās repeatedly partnered with fossil fuel companies to sue the EPA for regulating the industryās air, water, and climate pollution. This kind of cronyism is exactly what happens when government agencies are captured by the corporations theyāre supposed to oversee.”
subsidies
Report: Trumpās āEnergy Dominanceā Plans Rely on Billions in Fossil Fuel Subsidies
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.
Dirty Energy Dominance: Dependent on Denial ā 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.
Statement On Congressional Efforts to Extend 45Q
f passed, Oil Change Internationalās forthcoming analysis reveals that this legislation would be worth up to $4.5 billion each year to the oil industry, making it the largest single federal handout to the fossil fuel industry.
Statement Ahead of Trump Tax Restructuring Speech
Itās unfortunately fitting that Trump chose an oil refinery to stage his speech on āreformingā the tax code. Heās railed against special interest loopholes, but Trumpās so-called energy dominance agenda relies on massive taxpayer handouts to oil, gas, and coal companies.
Proposed oil and coal company handouts incentivize drilling, undermine climate action
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.
Trump on āDirect Collision Courseā With G20 Over Climate
As the G20 talks commence, the new international “Climate Pariah” Donald Trump is going to come under intense pressure from the G20 to reconsider pulling out of the Paris Climate agreement.
Talk is Cheap: How G20 Governments are Financing Climate Disaster
Each year, G20 countries provide nearly four times more public finance to fossil fuels than to clean energy. In total, public fossil fuel financing from G20 countries averaged some $71.8 billion per year, for a total of $215.3 billion in sweetheart deals for oil, gas, and coal over the 2013-2015 timeframe covered by the report. Fifty percent of all G20 public finance for energy supported oil and gas production alone.
Trumpās Interior budget: More drilling, more mining, more handouts
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.
Interior budget boosts fossil fuels, cuts renewables funding
In a huge industry giveaway, Trumpās Department of Interior budget increases funding for oil, gas, and coal expansion by more than $34 million āĀ and slashes renewable energy by at least $15 million.