In the second part of the Truthdig columnist’s conversation with the renowned intellectual, Chomsky explains how the banking, fossil fuel and tech sectors all profit immensely from taxpayers’ dollars.
Fossil fuels have long been subsidized by tax policies, such as the oil depletion allowance, and by infrastructure construction, such as the interstate highway system. In light of these long-standing subsidies, it’s always a little ironic...Show More Summary
Bloomberg BusinessWeek reports that Norway is the country where motorists are making the most rapid switch to electric vehicles. “Fueled by cheap power and government subsidies, Norway is racing to ditch the ‘fossil car,’” Bloomberg says. The post Norway Leads in Move to Electric Vehicles appeared first on Toll Roads News.
By Rep. Lamar Smith (RealClearEnergy) — The federal government has a long history of meddling in the U.S. energy market. For almost 100 years, the government has provided tax incentives, subsidies, federal electricity programs, loans, loan guarantees, and funding for research and … Continue reading ?
Auditor General denied information needed to determine if government is meeting commitments to phase out inefficient fossil fuel subsidies The post Details on fossil fuel subsidies kept under wraps by Finance, says auditor appeared first on Macleans.ca.
Canada's auditor general blasted Prime Minister Justin Trudeau's government Tuesday for effectively blocking an audit of efforts to eliminate fossil fuel subsidies in the fight against climate change.
Better research is needed to reveal the impact that energy subsidies for electricity, fossil fuels, and transport have on social welfare, economic growth, and technological innovation, says a new paper. New Research Needed To BetterShow More Summary
The hidden toll that subsidies for electricity, fossil fuels, and transport have on social welfare, economic growth and technological innovation needs to be exposed through better research says a new paper in Ecological Economics by Benjamin K Sovacool.
The global measurement of fossil fuel subsidies is most likely wrong.
Donald Trump wants to restrict or even abolish the US Environmental Protection Agency (EPA). In particular, he is proposing to dramatically limit the federal agency’s power to regulate carbon dioxide emissions, instead putting the onus on individual states to self-regulate. Although it sounds like...
Investors and insurers with over $2.8 trillion in assets under management are calling on the G-20 countries to phase out fossil fuel subsidies by 2020. They went on to say public finance that supports fossil fuels is a “key concern to the finance sector.”
Environmental groups say Canada provides $3.3 billion a year in fossil fuel subsidies to oil and gas producers despite its pledge to be a world leader on climate change policies. Canada’s Fossil Fuel Subsidies Total $3.3 Billion wasShow More Summary
A group of leading investors with a total of $2.8 trillion in assets under management have called on the governments of the G20 to end fossil fuel subsidies by 2020. Leading Investors Call On G20 Governments To End Fossil Fuel Subsidies...Show More Summary
While the Trump Administration is ignoring climate change, its costs are real. The US emitted 5.4 billion tons of CO2 in 2015, with a cost per ton of $36. That means, in effect, the U.S. is paying a $200 billion hidden subsidy to the fossil fuel industry.
Consumption is up in those countries that are still subsidizing gasoline use.