Fossil Fuel Industry Kings of Corporate Welfare

This graphic from GOOD magazine shows who gets the bulk of the enormous US energy subsidies. Many subsidies are hidden and difficult to estimate and this attempt looks to be low according to the experts I’ve interviewed for various articles (cited below). The graphic also doesn’t include subsidies for nuclear which are equally enormous.  — Stephen

The enormous fossil fuel subsidies are rarely acknowledged when complaints are raised about costs of renewable energy. This report shown below says subsidies for fossil fuel are 12X that for green energy but this is a gross underestimate based on the experts I’ve interviewed in June for this article Free Ride for Oil and Coal Industry May Be Over.

Subsidies experts in Switzerland told me that “two-billion-dollars-a-day public subsidy for carbon-based fuels is a very conservative estimate..”

In reality big oil and coal get more like 20X the money green energy. So let’s do some real pricing: electricity from coal 5 cents kWh X 20 for subsidies (not to mention free use of the atmosphere /environment for its CO2, mercury etc waste products.) Corporate welfare at its best.

A few of the many articles I’ve written on the subject of energy subsidies:

Fossil Fuel Subsidies Are 12X (more like 20X) Support for Renewables, Study Shows

Every Day Governments Give an Estimated $2 billion to Oil, Coal & Gas Industry

Oil Companies and Special Interests Spend Half a Billion Dollars to Defeat US Clean Energy – Study

Nuclear Power Costs Skyrocket, Cost of Renewables Plummet

Ethanol and Biofuels: Almost Everything You Need to Know

“The U.S. has led the fight to stem global hunger, now we are creating hunger,” said Lester Brown, president of the Earth Policy Institute.

Series of the latest articles that provide almost everything you need to know about why ethanol and biofuels will not reduce global warming but simply drive up fuel and food costs.

maize - mexicoEthanol Worse Than Gasoline

Only Green Part of Most Biofuels is the Wealth (Subsidies) They Generate

Ethanol: The Great Big Green Fraud

International Enviro Standards Needed for Biofuels

Six Experts On Why Ethanol is a Dumb Idea

Food & Fuel: Can Sorghum Be The New Magic Bullet Biofuel??

Biofuels: Another Good Reason to Hate American Policy

(Cellulosic) Greenest Ethanol Still Unproven