Sentences with phrase «subsidized coal production»
Perhaps instead of oil replacing coal, it somehow subsidized coal production?
http://www.theoildrum.com/ Not exact matches
At the same time, Senator Barack Obama, from coal - rich Illinois, abruptly shifted his support for subsidizing coal - derived fuel production to concentrate on another bill he had been sponsoring that would cut greenhouse gas emissions and reduce carbon content in transport fuel.
Production of oil, coal and natural gas is subsidized with tax breaks for reasons both practical and political.
Even after decades of increasingly dire warnings, the US has still not passed comprehensive federal legislation to combat global warming; Canada has abandoned past pledges in order to exploit its emissions - heavy tar sands; China continues to depend on coal for its energy production; Indonesia's effort to stem widespread deforestation is facing stiff resistance from industry; Europe is mulling pulling back on its more ambitious cuts if other nations do not join it; northern nations are scrambling to exploit the melting Arctic for untapped oil and gas reserves; and fossil fuels continue to be subsidized worldwide to the tune of $ 400 billion.
As can be seen by the figure, solar is being subsidized by over 1200 times more than coal and oil and natural gas electricity production, and wind is being subsidized over 80 times more than the more conventional fossil fuels on a unit of production basis.
The vital production tax credit (PTC) that gives the wind industry a fighting chance to compete with the heavily subsidized oil, natural gas and coal industries may not be extended this year by a gridlocked Congress.