03 Aug '11, 5pm

EIA look at #energy subsidies underreports subsidies to #nuclear & fossil fuels, shortchanging #renewables & efficiency

WASHINGTON (August 3, 2011) — The Energy Information Administration’s (EIA) latest report on federal energy subsidies, released on Monday, underreported direct and indirect federal subsidies to the nuclear and fossil fuel industries, creating an inflated view of the subsidies that benefit renewable energy and efficiency programs, according to the Union of Concerned Scientists (UCS). Although the agency concedes that its methodology failed to account for all subsidies that benefit conventional energy sources, its consistent underreporting over the years has enabled advocates of fossil fuel and nuclear technologies to falsely claim they benefit from very few federal energy subsidies compared with renewable energy technologies. “Thanks to reporting omissions, the nation’s most highly subsidized, polluting industries will be able to use the EIA’s flawed analysis to claim they ...

Full article: http://www.ucsusa.org/news/press_release/EIA-Underreports...

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