Not exact matches
With the government removing fuel
subsidies and
oil marketers refusing to sell diesel at pump prices, the cost of doing business in Nigeria is expected to double over the next three months especially as
oil hits a benchmark price of $ 38 per barrel with the International Monetary
Fund (IMF) predicting a further drop to $ 20 per barrel by mid-year.
Increase 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 recovery
$ 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.
Of the $ 78 billion in fossil fuel consumption
subsidies Iran paid, 52 percent covered
oil, 29 percent
funded natural gas, and the remainder (20 percent) went to electricity.
... Redirecting more $ 250 billion in
subsidies in industrial countries away from coal and
oil and putting them behind carbon - free technologies; Creating a large
fund, which has been estimated at about $ 300 billion a year for a decade, to transfer clean energy to poor countries.
The International Monetary
Fund (IMF) has just published a report showing that almost 9 % of all annual country budgets are spent supporting
oil, natural gas and coal industries through direct
subsidies, consumer rebates and avoided taxes on pollution.
Bilbray has also voted to continue granting billions in
subsidies to Big
Oil while cutting
funds to important initiatives like the National Ocean Policy.
Meanwhile, the temptation to invest in coal,
oil and gas is heightened by countries» fossil fuel
subsidies that, worldwide, amount to $ 1.9 tn a year, according to the International Monetary
Fund.