Sentences with phrase «with oil subsidies»

Because the problem with oil subsidies, is they just don't die.

Not exact matches

His rivals play off it on the campaign trail, with the NDP's Thomas Mulcair bemoaning billions in subsidies to the fossil fuel sector and Liberal Leader Justin Trudeau saying Harper «bet everything on the price of oil.»

A version of this article appears in print on July 4, 2010, on Page A1 of the New York edition with the headline: As Oil Industry Fights a Tax, It Reaps Subsidies.

But thanks to the subsidy they get from Canada, refineries in Cushing often enjoy refinery margins, or crack spreads as they're known in the industry, that have been as much as five times what refineries on the Gulf Coast, which have to pay full world oil prices for their feedstock, operate with.

In order to replace the Venezuelan oil subsidies deal, known as Petrocaribe, Mexico would have to supply Cuba with 55,000 barrels per day and another 39,000 barrels per day to other Petrocaribe nations in the Caribbean and Central America.

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.

Domestically, he moved forward on introducing land and labour reforms, and with the drop in crude oil prices, he has been able to reduce fuel subsidies.

«If you take the Economic Intelligence Unit (EIU)[report], they said 2017 and onward is going to be a period of prosperity for Ghana and that is because of the foundation that we have laid, it's because of the work that we have done, we've eliminated a lot of the deficits that were created by huge subsidies on utility tariffs, we eliminated a lot of the subsidies that created huge deficits on the cost of petroleum products, today as I speak, Tema Oil Refinery (TOR) is running, and producing petroleum products for Ghana, we have enough stock of LPG, our tanks and strategic reserves for petroleum products are all full, and, so, we have ships standing offshore Ghana with petroleum products, but there is no space to offload those products, and, so, we've done a good job in stabilising various sectors of the economy.

Why would we leave the value chain of the Nigerian oil industry undeveloped beyond crude oil and gas extraction and export simply because we want to continue with an unsustainable subsidy?

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-yWith 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-ywith the International Monetary Fund (IMF) predicting a further drop to $ 20 per barrel by mid-year.

First Grimm voted with his Republican leadership to end Medicare while protecting subsidies for Big Oil and tax breaks for billionaires.

One of the charges read, «That you, Adegbite Adetoye and Ponnle Abiodun whilst being directors of Origin Oil and Gas Limited on or about the 8th day of October 2010 to December, 2011 in Abuja within the jurisdiction of the High Court of the Federal Capital Territory, Abuja and with intent to defraud, conspired to obtain the sum of N735, 132, 076.18 From the Federal Government of Nigeria under false pretence that the said sum represented subsidy accruing to you, whereas the sum is above the actual subsidy payment for the importation of 15,000 mt of premium motor spirit (petrol) which you claim to have purchased from Vitol SA and imported into Nigeria through MT Silverie which representation you knew to be false.»

The main subsidy on oil companies is the price people pay to deal with their CO2e emissions.

Removing fossil subsidies would only slightly slow the growth of CO2 emissions, with the result that by 2030 they would only be 1 - 5 % lower than if subsidies had been maintained, regardless of whether oil prices are low or high.

The bad air quality has prompted the Ministry of Finance and NDRC to negotiate with the oil companies about subsidies in order to encourage high - quality fuel.

$ 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.

Yet her warnings fell on deaf ears in the scientific community — much to the public's misfortune — due mostly to the ties between the vegetable oil industry and big - money corporations with their government subsidies.

With oil prices as low as they are, now would be a perfect time for other countries to follow Morocco's lead — either slashing oil, coal and gas subsidies or raising their gas taxes before prices start to rise again.

since we are already on the plateau of peak oil, with the oncoming downslope more or less in sight, the cost of energy is going to continue to skyrocket regardless of government's intervention or subsidy for any particular forms of alternative energies.

Their critics say their stance, however well intentioned, will produce the real delays, given how much can be done now simply by cutting energy waste with tools already on the shelf — ranging from strengthening efficiency standards to eliminating billions of dollars in persistent fossil - fuel subsidies that continue to make coal and oil much cheaper than they really are when all their hidden costs are revealed.

By subsidizing fossil fuels here, along with providing subsidies for highways, spreading our communities out ever more widely in sprawling suburbs, and discouraging rapid transit development almost everywhere the U.S. has made sure that oil producers would be enriched around the world for as long as the pumps were working.

In the past, there may have been an argument to help with high risk oil exploration, but in the climate change era subsidies make no sense whatsoever.

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.)

[3] The Indonesian government is planning to boost domestic use of biofuel including from palm oil, with extra subsidies and a mandatory target of 15 % biofuel blended into diesel fuel.

Indonesia's fossil fuel consumption subsidies totaled $ 27.7 billion in 2014 with oil receiving the most (70 percent) and electricity, 30 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.

With world oil subsidies in the billions, and completely unsustainable, it is rather strange to suggest wind turbines «can not survive without subsidies».

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.

Renewable Energy World For at least the last 40 years, since the oil shocks in the 1970s, dealing with fossil fuel subsidies has been on the international agenda.

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.

The oil and gas industry makes out particularly well in the budget deal, with the vast majority of its generous subsidies preserved under the new budget.

Newt Gingrich piled on later in Iowa, saying, «I don't want to pick a fight with any of my good friends who are running, but I get a little weary of people who represent oil, which has consistently had tax subsidies for its entire history, explaining that they're really not sure about these subsidies.

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.

«Elected officials and public agencies must put communities and the environment first, starting with removing special exemptions and subsidies for the oil and gas industry, while ushering in clean, renewable energy.»

The «Pickens Plan» to move America from oil to natural gas and wind energy, as well as the oilman's proposed taxpayer subsidies for natural gas, proved far more popular with Democrats than Republicans.

China came in fifth with fossil fuel consumption subsidies totaling $ 19.24 billion, 63 percent covering oil and 37 percent covering electricity.

The so - called «big bang» removal of subsidies in early 2015, along with efforts to target remaining subsidies to poor households and low oil prices, have been successful in significantly reducing the amount of subsidies.

Federal and state subsidies for ethanol helped keep the fuel in production when ethanol prices fell with crude oil and gasoline prices in the early 1980s.

However, because HEVs and PHEVs with smaller battery packs provide more air - emissions reduction and oil displacement per dollar spent and offer lifetime costs competitive with conventional vehicles, it is not clear that directing near - term subsidies toward vehicles with large battery packs would produce superior results on any of these objectives.

There are serious methodological problems with this study, such as defining partial relief from oil price controls as a subsidy, but let's take the numbers at face value.

Faced with dwindling profits from oil exports and a fiscal deficit, the government was forced to slash fuel subsidies in May 2008 — which at the time consumed 15 % of GDP.

The green energy sector sure could use the help competing with Canada's heavily - subsidized oil and gas industry, which gets $ 1.4 billion in tax subsidies each year.

In the meantime, major oil producing governments are acting with a new sense of purpose in reforming energy subsidies as well as investing into the non-oil growth potential of their countries.

Once the crossover point is reached - and photovoltaic energy already competes with oil, diesel and liquefied natural gas in much of Asia without subsidies - it must surely turn into a stampede.

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.

It means that even if for some reason Congress began acting rationally — and the very same conservative politicians who espouse anti-government spending rhetoric everywhere else applied it to the oil industry too, to do away with its generous subsidies — we'd still have a long ways to go.

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.