Paying for Climate Chaos: U.S. Federal Subsidies for Fossil Fuel Production
The scale of federal subsidies for fossil fuel production remain staggering, at nearly $35 billion per year. The subsidies, which divert needed funds from critical social services, come in the form of tax breaks, below-market access to drilling on public lands, regulatory loopholes, direct spending to clean up the industry’s mess, and more. The report also contains the most comprehensive list to date of the more than $4 billion in new fossil fuel subsidies added this year by Congress via the "One Big Beautiful Bill" (OBBA) that passed in July.