Twitter Feed
RSS Subscription
Thursday
Jul152010

How Fossil Fuels are Subsidized (infographic)

A report by the Environmental Law Institute outlines how energy is subsidized in the United States from 2002 to 2008.  Not only are fossil fuels subsidized by nearly $60 billion more than renewables, but for every dollar that conventional fossil fuels are subsidized directly more than $3 are given to companies in the form of tax breaks.

So here's the question:  would the fossil fuel industry be self-supporting if there were no direct or tax subsidies from governments?

(via BoingBoing)

« Road-Melting Heatwave in Europe | Former BP exec Cynthia Warner goes from Big Oil to Big Algae »

Reader Comments (1)

It would be interesting to know what the subsidy is in per-kWh terms, for fossil fuel vs. for renewables.

July 15, 2010 | Unregistered CommenterBruce

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>