Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables
Green Car Congress
SEPTEMBER 18, 2009
billion—are attributable to corn-based ethanol, the climate effects of which are disputed. Most of the largest subsidies to fossil fuels were written into the US Tax Code as permanent provisions. 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
Let's personalize your content