Home > All News, Green Life, Life Styles > U.S. Gives 2.5x More Subsidies to Fossil Fuels ($72 Billion) Than Renewables ($29 Billion)

U.S. Gives 2.5x More Subsidies to Fossil Fuels ($72 Billion) Than Renewables ($29 Billion)

September 21st, 2009
earth in oil fossil fuels photo"Subsidies to fossil fuels, a mature, developed industry that has enjoyed government support for many years, totaled approximately $72 billion" A new study (pdf) by the Environmental Law Institute (ELI) reviewed fossil fuel and energy subsidies in the U.S. for fiscal years 2002 to 2008. It concludes, sadly but unsurprisingly, that fossil fuels are still getting a lot more help from the government than renewables despite the recent increases. But what's worse is that the majority of those subsidies and tax breaks are...Read the full story on TreeHugger


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