Fossil
fuel exploration subsidies are in direct conflict with these calls to restrict fossil fuel production and use.
This new report documents, for the first time, the scale and structure of fossil
fuel exploration subsidies in the G20 countries.
Not exact matches
A target of $ 250 million in reduced fossil
fuel subsidies is our starting point, and a first step will be to allow for the use of the Canadian
Exploration Expenses tax deduction only in cases of unsuccessful e
Exploration Expenses tax deduction only in cases of unsuccessful
explorationexploration.
Generous government
subsidies are actually propping up fossil
fuel exploration which would otherwise be deemed uneconomic, states the report, ``
Generous government
subsidies are actually propping up fossil
fuel exploration which would otherwise be deemed uneconomic, states the report, «The fossil
fuel bail - out: G20
subsidies for oil, gas and coal
exploration.»
Reduce dependency on (imported) fossil
fuels (balance of payments, reliance on potentially unfriendly or unstable nations as suppliers, high cost at the pump, all problems as seen from US viewpoint): — encourage nuclear power generation (cut red tape)-- encourage energy savings and improved efficiency projects (tax breaks)-- encourage basic research into new (non fossil
fuel) resources (
subsidies)-- encourage imports from friendly neighbor, Canada (Keystone pipeline)-- encourage local oil and gas
exploration («drill, baby, drill»)-- encourage «clean coal» projects (tax incentives)-- set goal to become energy independent within ten years
Rather than finding ways to curtail fossil
fuel production in line with the demands of climate science, the U.S. federal government, under President Obama's «All of the Above» energy strategy, is currently channeling more than $ 5 billion each year in
exploration subsidies to actually expand proven reserves, leading to the discovery of fossil
fuels that we know we should never burn.
The list is long and worth many billions (sorry for caps); — GREENHOUSE GAS ABATEMENT PROGM (Carbon capture)-- NON-RECOVERY OF PUBLIC AGENCY COSTS — PETROLEUM
EXPLORATION TAX CONCESSIONS — RESEARCH AND DEVELOPMENT ASSISTANCE — DIRECT
SUBSIDIES TO FOSSIL
FUEL PROJECTS — DIESEL
FUEL REBATE SCHEME — EXEMPTION FROM EXCISE FOR ALTERNATIVE
FUELS Ethanol production which is an energy sink)-- CONCESSIONAL RATE OF EXCISE FOR
FUEL OIL, — HEATING OIL AND KEROSENE — CONCESSIONAL RATE OF EXCISE FOR AVIATION
FUEL — EXCISE FREE STATUS FOR CONDENSATE — SUBSIDISED SUPPLY OF COAL - FIRED ELECTRICITY TO — ALUMINIUM SMELTERS — STATE ENERGY SUPPLY CONCESSIONS — ELECTRICITY PRICING STRUCTURES —
SUBSIDIES FOR CENTRALISED GENERATION
Today, Oil Change International released a comprehensive report on fossil
fuel exploration and production subsidies in the U.S. — Cashing in on All of the Above: U.S. Fossil Fuel Production Subsidies under Obama — which demonstrates that at a time when we need urgent action on climate change more than ever, the U.S. government is channeling huge and growing amounts of money to increasing discovery and production of oil, gas, and c
fuel exploration and production
subsidies in the U.S. — Cashing in on All of the Above: U.S. Fossil Fuel Production Subsidies under Obama — which demonstrates that at a time when we need urgent action on climate change more than ever, the U.S. government is channeling huge and growing amounts of money to increasing discovery and production of oil, gas,
subsidies in the U.S. — Cashing in on All of the Above: U.S. Fossil
Fuel Production Subsidies under Obama — which demonstrates that at a time when we need urgent action on climate change more than ever, the U.S. government is channeling huge and growing amounts of money to increasing discovery and production of oil, gas, and c
Fuel Production
Subsidies under Obama — which demonstrates that at a time when we need urgent action on climate change more than ever, the U.S. government is channeling huge and growing amounts of money to increasing discovery and production of oil, gas,
Subsidies under Obama — which demonstrates that at a time when we need urgent action on climate change more than ever, the U.S. government is channeling huge and growing amounts of money to increasing discovery and production of oil, gas, and coal.
A new report by Oil Change International identifies billions of dollars in
subsidies for fossil
fuel exploration from the world's wealthiest countries.
In particular, federal fossil
fuel production and
exploration subsidies in the US have grown in value by 45 percent since President Obama took office in 2009.