Publication or article

An overview on the varied approaches used to subsidize industries and how the scale of support flowing to fossil fuels and other environmentally harmful activities undermines efforts to decarbonize the economy and protect global biodiversity. The slides highlight how at present subsidies to fossil fuel greatly exceed carbon revenues from taxes and permits, and environmentally harmful subsidies overall greatly exceed EHS reduction targets agreed to under the Kunming-Montreal Global Biodiversity Framework.

Last week, in his State of the Union address, President Bush proposed to spend $65 billion from the government’s general fund to double the size of the Strategic Petroleum Reserve...

When he releases his new budget in two weeks, President Obama will propose doing away with roughly $4 billion a year in subsidies and tax breaks for oil companies, in his third effort to eliminate federal support for an industry that remains hugely profitable.

Article provides a review of Earth Track's report on nuclear subsidies, prepared for UCS:

If Uncle Sam and co. had bought power on the open market and given it away free, it would have cost less than subsidizing nuclear power plant construction and operation over the last 50 years, says a new study by the Union of Concerned Scientists.

Article discusses Earth Track's report on nuclear subsidies, prepared for UCS:

Nuclear power was supposed to be too cheap to meter, but a science-based nonprofit that advocates for environmental and public health issues has published a new report that casts doubt that it was ever really economically viable.

The Energy Information Administration’s latest report on federal energy subsidies, released Aug. 1, underreported direct and indirect federal subsidies to the nuclear and fossil fuel industries, creating an inflated view of the subsidies that benefit renewable energy and efficiency programs, according to the Union of Concerned Scientists.

Now that the U.S. Department of Energy has officially committed to a multi-million nuclear loan guarantee, it seems like a re-run of an old movie. If it does, readers are reminded that the “balloons” were first released in 2010 when the agency said it would loan $8.3 billion to help build the first reactors in decades.

Carbon offsets—the money polluting business spend on projects that benefit the environment—have been growing in recent years, but it’s a long way from catching up to the money governments spend supporting businesses that are harmful to the environment.