As a researcher, and a as co-director of watchdog group that have both worked to draw attention to the significant subsidies and tax breaks that are lavished on the fossil fuel industry, we are eager to see elected officials take notice of this waste of taxpayer money, especially as the President and Congress work to address the fiscal cliff disaster. That is why we are pleased that a member of Congress with an important platform has recently joined us in this conversation to review fossil fuels’ role in distorting the free market for energy.
Congressman Ed Markey (D-MA), the ranking Democratic member on the House Committee on Natural Resources, along with Rush Holt (D-NJ), yesterday made a formal request to the U.S. Government Accountability Office (GAO) to examine US federal subsidies systematically across fuel sources. The request effectively broadens a research request submitted to GAO in October by Republican Reps.
Markey: If you are shining the light on lending to Solyndra, can you spare a few rays to look at nuke loan guarantees too?
Congressman Ed Markey (D-MA) sent an interesting letter to Fred Upton (R-MI) late last week. The correspondence outlined some of the history of the Title 17 loan guarantee program and the nuclear industry's push to make it their own. It also included examples of the role the Nuclear Energy Institute played to weaken federal recourse in a loan default, and the pressure it brought to bear to expedite loans to its members. These are indeed crass examples of political lobbying that put billions (and potentially tens of bil