In an article titled «Under the Rug: How Governments and International Institutions are Hiding Billions in Support to the Coal Industry» David Tumbull revealed how much government money around the world is going
into coal subsidies.
Not exact matches
You condemn thousands to early deaths and our economy to distortion if you continue to pour our precious tax funds and
subsidies into nuclear and
coal, rather than turning that money toward the future, toward the sun.
This would be better than pouring more
subsidies into coal, whose use will be limited by the carbon emissions, and which creates environmental problems in the mining process (e.g., «mountaintop removal).
The 237 - page bill introduced by U.S. Sen. Lisa Murkowski (R - AK)-- S. 2012, the Energy Policy Modernization Act of 2015 — includes provisions that would expedite the liquefied natural gas (LNG) export permitting process, heap
subsidies on
coal technology, and fund research geared toward discovering a way to tap
into methane hydrate reserves.
Also,
coal power plants must close by 2025 in the UK, meaning these
subsidies are not being used to invest
into life - extensions.
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
In an amusing sideshow, Republican leaders tried to use their support for this legislation to strong - arm liberal Democrats
into supporting a bill extending
coal subsidies, on the theory that passing one bill that benefits Dominion warrants passing another bill that benefits Dominion.
They are working to protect communities from toxic
coal ash, end mountain top removal, get the World Bank to stop funding
coal projects, put existing mining protections
into action, eliminate dirty
coal subsidies, halt the development of liquid
coal, and expose false solutions like carbon capture and sequestration.
The money going
into politics from the oil, gas and
coal industries gets huge returns in the form of
subsidies back to fossil fuels.
It wants to wait for better technology to save the day, even as it pours
subsidies into oil, gas, and
coal, and ignores the abundance of renewables that are readily available at this very moment.
In a Friday memo, Perry asked his chief of staff to undertake a 60 day inquiry
into «the extent to which continued regulatory burdens, as well as mandates and tax and
subsidy policies, are responsible for forcing the premature retirement of baseload power plants,» such as those fueled by
coal or nuclear energy, among other grid related questions.
(Given the massive
subsidies that the
coal industry has received over the years, Louie and Pearce suggest that companies should be required to finance a retraining fund — possibly patterned after the 1977 Surface Mining Control and Reclamation Act, which mandates that companies pay
into a federal fund for reclamation of abandoned mine land).
A lot of money goes
into promoting the concern about climate change — $ 2Billion / yr from the government for «climate science» plus another $ 8B or so for
subsidies, plus $ 400Million / year from foundations, plus corporate money (e.g. — Chesapeake's $ 25 Million to the Sierra Club to kill
coal (which Sierra has now turned against natural gas).