Thursday
Jul152010
Thursday, July 15, 2010 at 6:42AM 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)

Reader Comments (1)
It would be interesting to know what the subsidy is in per-kWh terms, for fossil fuel vs. for renewables.