Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables
Green Car Congress
SEPTEMBER 18, 2009
The vast majority of subsidy dollars to fossil fuels can be attributed to just a handful of tax breaks, such as the Foreign Tax Credit ($15.3 billion) and the Credit for Production of Nonconventional Fuels ($14.1 ELI researchers applied the conventional definitions of fossil fuels and renewable energy.
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