05 Jan '12, 1am

There Are Over 250 Different Kinds of Fossil Fuel Subsidies We Need to Kill

There Are Over 250 Different Kinds of Fossil Fuel Subsidies We Need to Kill

Matt Higgins via Flickr /CC BY 2.0 Over the years, the subsidies doled out to the fossil fuels industry have become numerous, entrenched, and quite complex. Which makes them not only quite difficult to remove for political reasons, but often nearly invisible to the average citizen. In fact, according to a new report from the International Energy Agency and the Organisation for Economic Co-operation and Development, there are at least 250 different kinds of subsidies for the fossil fuels industry. That's a lot. And it should make you wonder why renewable energy has such trouble maintaining even the most modest of tax breaks: The Department of the Treasury’s Section 1603 cash grants program for clean energy projects just expired at the beginning of this year. Meanwhile, of course, the American oil industry alone reaps literally tens of billions of dollars in annual subsidies...

Full article: http://www.treehugger.com/fossil-fuels/there-are-over-250...

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