Sentences with phrase «over oil subsidy»

A nationwide Occupy Nigeria protest, over oil subsidy removal, had paralysed the country.

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.

In fact, the bill Obama voted for raised taxes on oil companies by $ 300 million over 11 years while providing $ 5.8 billion in subsidies for renewable energy, energy efficiency and alternative fuels.

$ 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.

For example, an «energy security fee» of $ 3.50 per barrel of imported oil would raise approximately $ 15 billion annually; reduced fossil fuel subsidies as proposed by the administration could generate upwards of $ 35 billion over ten years; a utilities electricity fee could raise at least $ 2 billion annually, as included in the Kerry - Lieberman American Power Act; and royalties on new offshore continental shelf drilling could raise more than $ 100 billion over twenty years.

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.)

Oil subsidies make up over half of the total fossil fuel consumption subsidies, while electricity makes up 24 percent, natural gas 22 percent and coal 0.4 percent.

McGuinty ceded that his proposals to implement renewables were poorly planned and managed; renewable projects were taken over by deep pocketed oil companies that would foist them on people in notably contentious locations giving wind a bad name, high FITs that did not adjust to market forces over the long term, no comprehensive agreement with neighbours for better power sharing agreements, no power storage strategy, no coordinated conservation or efficiency plan that included distributed generation, CHP, microCHP, automated demand response management, and worst of all there was no options analysis of subsidies to various producers.

Instead of requiring perpetual subsidies, á la the «renewable» technologies that President Obama intends to redouble if he is reelected, the oil sands generate vast sums in royalties and taxes: an anticipated $ 690 billion into federal and provincial coffers all across Canada over the life of the project.

GRAND RAPIDS, MICH. — Utility companies clashed with oil industry interests over electric vehicle and fuel subsidies at a meeting of the American Legislative Exchange Council (ALEC), a conservative political group, last Friday.

The value of oil product subsidies in APEC (Asia - Pacific Economic Cooperation) countries fell by over 50 percent since 2010, with most of the decline due to pricing reforms rather than changes in international prices.

So in that time period, the US favored «subsidies» to fossil fuels (including the Strategic Oil Reserve, which I guess will count as a negative subsidy this year) over renewables by a ratio of ~ 2.5:1.

Oil subsidies accounted for 44 percent of total consumption subsidies (about $ 145 billion), followed by electricity subsidies of just over $ 100 billion.

If you want to talk welfare, what about the hundreds of billions the oil, gas and coal industries have received in subsidies and tax breaks over the years?

The legislation is more comprehensive than President Obama's proposal in his FY2013 budget that would have eliminated about $ 4 billion in subsidies to the oil industry in 2013, and about $ 40 billion over the next ten years.

The battle to reduce oil - based subsidies is far from over.

Over that seven - year period, government subsidies to fossil fuels such as oil, coal and natural gas totaled about $ 72 billion, according to the study by the Woodrow Wilson International Center for Scholars and the Environmental Law Institute.

But basically, I believe that the only reason there's so much resistance — including at this exact moment while the US Senate for the third time now since the Democrats have taken over, is trying to pass a bill that will get the tax subsidies away from the most profitable corporations in the history of corporations ever, which are the major oil companies and move those tax subsidies.

As I noted over at MNN recently, the loss of revenues caused by lower prices has meant that oil producers are trying to cut consumption at home by reducing subsidies and / or investing more heavily in alternatives.

Reporting from Toronto — In a last - minute turn in global climate talks, international negotiators agreed over the weekend to adopt more ambitious plans than expected to trim government subsidies to oil companies worldwide, part of a broader effort to reduce greenhouse - gas emissions.

Before the tirade over EV bailouts, let it be known up front as a reminder of Ag and oil both having received billions in subsidies and bailouts over the generations, so consider it a preemptive STFU.