The U.S. government is providing extensive support for fossil fuel production on public lands and waters offshore, through a combination of direct subsidies, enforcement loopholes, lax royalty collection, stagnant lease rates, and other advantages to the industry, a new report released today finds.
subsidies
Unequal Exchange: How Taxpayers Shoulder the Burden of Fossil Fuel Development on Federal Lands
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.
Private Gain, Public Risk: Guarantees & Credit Enhancement for Coal-Fired Power Plants in Indonesia
Risk guarantees and credit enhancement programs that subsidize coal-fired power plants could cost the Government of Indonesia and Indonesian ratepayers as much as tens of trillions of rupiah – many billions of U.S. dollars – over the coming decade.
Infographic: Who really pays for BP’s arts sponsorship?
Government handouts to boost BP’s private profits massively exceed the firm’s sponsorship of the arts – it’s time to cut these dirty ties once and for all.
Canada Takes First Step to Cut Fossil Fuel Handouts – Thanks to People Power
The clean energy picture got a little bit brighter in Canada last week, after the 2017 budget started chipping away at the $1.6 billion in federal subsidies to oil and gas companies each year.
Trump team botches celebration of years-old dirty Exxon plans
Trump’s botched celebration of Exxon comes while the President’s team works to dismantle environmental policies and institutions that were put in place to protect communities like those along the fence-lines of refineries and manufacturing plants in the Gulf Coast.
On his first diplomatic outing, climate-denying Rex Tillerson got trolled
In his first outing as Secretary of State, former ExxonMobil CEO Rex Tillerson may have been quiet, but the world’s climate leaders were not. Ahead of the G20 meeting of foreign ministers, hosted by Germany in Bonn, German government officials didn’t mince words: “You can’t fight climate change by putting up barbed wire,” said Foreign Minister Sigmar Gabriel, a not-so-thinly veiled swipe at Rex Tillerson and Donald Trump’s climate denial, and the Trump Administration’s racist immigration policies.
Rex Tillerson: Unprepared. Unqualified. Unacceptable.
Three words sum up Rex Tillerson’s performance yesterday in his confirmation hearing for Secretary of State: Unprepared. Unqualified. Unacceptable
Rex Tillerson Denies Oil & Gas Subsidies Exist, While Company Profits From Them
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.
Study: U.S. Oil Industry Heavily Dependent on Government Handouts
FOR IMMEDIATE RELEASE January 10, 2017 Contact: Janet Redman, janet [at] priceofoil [dot] org David Turnbull, david [at] priceofoil [dot] org Study: U.S. Oil Industry Heavily Dependent on Government Handouts Almost Half of All U.S. Oil Production Subsidy Dependent Almost half of the oil production in the United States will depend on taxpayer handouts to make it … Read More