04 May '11, 9am

Without subsidies we would all be paying roughly $12.75 per gallon for gasoline. #gasprices

Without subsidies we would all be paying roughly $12.75 per gallon for gasoline. #gasprices

The current subsides for renewable energy and fossil fuels in 2008 were $46B and $557B respectively. Michael Liebreich , chief executive of Bloomberg New Energy Finance, puts forth “One of the reasons the clean energy sector is starved of funding is because mainstream investors worry that renewable energy only works with direct government support.” Furthermore, Liebreich states, “Setting aside the fact that in many cases clean energy competes on its own merits – for instance in the case of well-situated wind farms and Brazilian sugar-cane ethanol – this analysis shows that the global direct subsidy for fossil fuels is around ten times the subsidy for renewables. And that is without taking into account the enormous security and public health costs of fossil fuels, as well as the appalling pollution catastrophes on the Gulf Coast, the Niger Delta and elsewhere.”

Full article: http://www.triplepundit.com/2011/05/increasing-gas-prices...

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Bipartisan Senate bill would end wasteful corn ...

switchboard.nrdc.org 03 May '11, 9pm

Today, Senators Diane Feinstein and Tom Coburn have joined forces across the aisle to introduce legislation that will comp...