Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables
Green Car Congress
SEPTEMBER 18, 2009
billion went to traditional sources—such as coal and oil—and $2.3 billion went to carbon capture and storage, which is designed to reduce greenhouse gas emissions from coal-fired power plants. 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
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