Not exact matches
Trump's closest energy advisers,
like Carl Icahn and Harold Hamm (who each own
oil companies), have been calling for an end to
subsidies.
Obama wants to do away with corporate tax benefits
like oil and natural gas industry
subsidies, special breaks for the purchase of private jets and certain corporate tax shelters.
In an example of strange bedfellows, the coalition fighting the deal includes
oil and gas producers who,
like anti-nuclear activists, oppose the
subsidies.
So... while (1)
subsidies for businesses (
like the
oil companies» outrageous
subsidies) are a CREDIT or GAIN from the perspective of businesses, they most certainly can be called (2) handouts or foregone income or SPENDING from the government's perspective... which is a DEBIT or LOSS for the government.
The president and Congress must also end the market - distorting
subsidies given out
like Halloween candy to industries across the energy spectrum — from coal and
oil to wind and solar.
$ 8 billion) over first ten years for deficit reductionObeys PAYGO; Starting in 2026, 25 % of auction revenues for deficit reductionFuels and TransportationIncrease biofuels to 60 million gallons by 2030, low - carbon fuel standard of 10 % by 2010, 1 million plug» in hybrid cars by 2025, raise fuel economy standards, smart growth funding, end
oil subsidies, promote natural gas drilling, enhanced
oil recoverySmart growth funding, plug - in hybrids, raise fuel economy standards $ 7 billion a year for smart growth funding, plug - in hybrids, natural gas vehicles, raise fuel economy standards; offshore drilling with revenue sharing and
oil spill veto, natural gas fracking disclosureCost ContainmentInternational offsetsOffset pool, banking and borrowing flexibility, soft price collar using permit reserve auction at $ 28 per ton going to 60 % above three - year - average market price» Hard» price collar between $ 12 and $ 25 per ton, floor increases at 3 % + CPI, ceiling at 5 % + CPI, plus permit reserve auction, offsets
like W - MClean Air Act And StatesNot discussedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade suspended until 2017, EPA to set stationary source performance standards in 2016, some Clean Air Act provisions excludedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade pre-empted, establishes coal - fired plant performance standards, some Clean Air Act provisions excludedInternational CompetitivenessTax incentives for domestic auto industryFree allowances for trade - exposed industries, 2020 carbon tariff on importsCarbon tariff on importsReferences: Barack Obama, 2007; Barack Obama, 8/3/08; Pew Center, 6/26/09; leaked drafts of American Power Act, 5/11/10.
Calling fossil fuels an antiquated technology,
like whale
oil, Mann points out that alternative energy is growing even without
subsidies or a price on carbon.
Critics rail against policies brazenly favoring the
oil industry — tax breaks,
subsidies, and a regulatory climate just this side of whoopee — making it sound
like environmental degradation was part of the founders» original intent.
Trillions are spent on war where
oil is the key political factor, hundreds of billions on
subsidies for rich companies that reap huge short - term profits, both in fossil fuels and pseudo-green technologies
like corn ethanol and biodiesel.
In my view (and I've seen energy and environment close up in every election since Pres. Nixon's rather revolutionary Environmental Message of the early 1970s == too bad there was that third rate break in to spoil his record) the tests for all the candidates will be whether they will substiture
oil taxes for off -
oil subsidies, carbon taxes to level the whole field, and then and only then decide where we need to push or pull a bit (
like with the fuel economy standards, long over due, and boy will they take a long time to arrive in full force.)
These talking points are designed to sound
like principles, but those who amplify them generally have no problem with
subsidies for
oil and gas or nuclear and coal, which historically have dwarfed support for clean energy.
Subsidies are necessary in the incubation phase, but
oil is a «mature» industry, and renewable energy technologies
like ethanol, wind and solar are «proven and established» industries.
To pay for the renewable incentives, the House bill is expected to repeal about $ 21 billion in tax
subsidies extended to big
oil and gas producers
like Exxon Mobil Corp, ConocoPhillips and Chevron Corp..
Bart R laments that this is nothing compared to alleged
subsidies for
oil companies, laughingly referring to the pack of politically - motivated lies, distortions and information - hiding by the
likes of Mann, as «knowledge».
Bilbray has also voted to continue granting billions in
subsidies to Big
Oil while cutting funds to important initiatives
like the National Ocean Policy.
re 461, just
like there's no need for
oil subsidies (tax breaks too!)
Hence, if you want to change directions, you have to influence the politics — you have to work to prevent the Koch Brothers from destroying California renewable energy initiatives, you have to work to eliminate federal
subsidies and liability caps for fossil fuel projects (which would mean that
oil drillers would have to post $ 10 billion bonds for every deepwater project they initiated), and — for academic scientists — you have to lobby your academic administrators to cut their ties with shady fossil fuel interests
like BP and Exxon, and work to open renewable energy research institutes at America's leading universities.
My hope is that victories
like this one will help build the momentum to generate the kind of people power necessary to move the needle on comprehensive climate policy — policy that prices carbon, removes
subsidies for
oil companies, and encourages clean energy development.
In private, big energy firms were offered sweetheart deals to acquiesce to the climate bill, including expanded offshore drilling for
oil giants
like BP and taxpayer
subsidies for coal and nuclear interests that outstripped those for clean energy.
Q2 «Is the domestic sale of fossil fuel products in
oil exporting countries at the cost of production but below international market prices a
subsidy for fossil fuels,
like the IMF authors assume?»
America's
oil revolution has been met with considerable doubt, much
like any improvements in American energy production that don't rely on
subsidies or green propaganda to succeed.