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Energy Net

Why Won't Big Oil Subsidies Die? : TreeHugger - 1 views

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    "Obama tried cutting oil subsidies in his very first federal budget proposal, and it didn't fly. He and the Democratic members of Congress tried again earlier this year, hoping that the Tea Party's incessant yelling for spending cuts would translate into Congressional support for one of the most obvious spending cuts in the history of spending cuts. But no such luck.

    And get this:

    The true amount we pay in oil subsidies is waaaaaaaaaaaaay more than $4 billion a year. In fact, the far-right libertarian think tank the Cato Institute once calculated the true cost of subsidizing oil to be in the range of $78-150 billion -- yep, billion -- per year. A lot of these expenditures come from the massive amount of security needed to protect oil, both at its source in volatile regions and along international shipping routes 'round the world. The US gov expends much effort and capital to help safeguard the oil companies' product and operations -- it's in the national interest, after all, that everyone be able to continue purchasing Exxon gasoline.

    So you'd think that paring a comparatively meager $4 billio"
Energy Net

Nuclear tax: 'An additional 10% on energy bills' | Environment | guardian.co.uk - 0 views

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    Get set for a new government carbon tax designed to subsidise the nuclear industry. The Guardian's Tim Webb says that figures he obtained show the additional levy would add £44 to an annual electricity bill of £500 - that's a nearly 10% increase
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    Get set for a new government carbon tax designed to subsidise the nuclear industry. The Guardian's Tim Webb says that figures he obtained show the additional levy would add £44 to an annual electricity bill of £500 - that's a nearly 10% increase
Energy Net

Department of Energy - DOE Announces Solicitation for $8.0 Billion in Loan Guarantees - 0 views

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    Third Round of Solicitations Targets Innovative Clean Coal Technologies

    WASHINGTON, DC - The U.S. Department of Energy (DOE) today announced a solicitation for up to $8.0 billion in federal loan guarantees for projects that employ advanced technologies that avoid, reduce or sequester emissions of air pollutants or greenhouse gases in the area of coal-based power generation, industrial gasification, and advanced coal gasification facilities. This marks the third round of solicitations for DOE's Loan Guarantee Program, which encourages the commercial use of new or significantly improved energy technologies and is an important step in paving the way for clean energy projects.
Energy Net

EIA's Energy in Brief: How much does the Federal Government spend on energy-specific su... - 0 views

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    A subsidy represents a transfer of Federal Government resources to the buyer or seller of a good or service that has the effect of reducing the price paid, increasing the price received, or reducing the cost of production of the good or service. Put simply, the Federal Government promotes targeted energy outcomes, such as production of a specific fuel or promotion of conservation and energy efficiency by energy consumers through incentives such as tax credits, grants, and low interest loans.
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