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Canada Spent $23 Billion to Support Pipelines in Just Three Years
Canada Spent $23 Billion to Support Pipelines in Just Three Years Taxpayers should understand the financial and climate risks of the big commitment, says an independent report. Governments’ financial support for pipelines is financially and environmentally risky, says a report. Photo from Trans Mountain. Canadian pipelines have received over $23 billion in support from federal and […]
Denouncing ‘Handouts to Big Oil,’ Biden Calls on Congress to End $40 Billion in Taxpayer Subsidies for Fossil Fuels
Denouncing ‘Handouts to Big Oil,’ Biden Calls on Congress to End $40 Billion in Taxpayer Subsidies for Fossil Fuels “Biden campaigned on eliminating fossil fuel giveaways, and voters agree by a huge margin,” said one climate activist. Special Presidential Envoy for Climate John Kerry listens as President Joe Biden speaks on tackling climate change in […]
Ethanol Is Terrible for Health and the Environment, but Government Keeps Backing It
Ethanol Is Terrible for Health and the Environment, but Government Keeps Backing It The US federal government still strongly pushes corn- and soy-based ethanol despite the EPA’s new study showing its harmful effects. When the elected officials and bureaucrats who run a government want to stack the deck in favor of a politically connected special […]
Are Globalists Plotting a Counter-Revolution?
Are Globalists Plotting a Counter-Revolution? On meeting with the EU’s Jean-Claude Juncker last month, Donald Trump tweeted: “Both the U.S. and the E.U. drop all Tariffs, Barriers and Subsidies! That would finally be Free Market and Fair Trade.” Did Larry Kudlow somehow get access to Trump’s phone? We know not. But, on hearing this, Steve […]
The massive hidden costs of the fossil fuel system
The massive hidden costs of the fossil fuel system Two stumbling blocks on the road to regeneration: externalities and subsidies The prevailing opinion among today’s political and economic elites is that economic globalisation is in some sense inevitable, perhaps even the summit of human achievement. The oft-repeated mantra is that ‘there is no alternative’ and we […]
As Rest of World Moves Towards Renewables, US Keeps Offering Exclusive Tax Breaks for Fossil Fuels
As Rest of World Moves Towards Renewables, US Keeps Offering Exclusive Tax Breaks for Fossil Fuels About a half decade ago, as the shale drilling rush was sweeping across the U.S., drillers needed upfront cash — and quick — to let them snap up acreage, drill and frack exploratory wells, and hone their skills at […]
The High Cost of Renewable Subsidies
The High Cost of Renewable Subsidies I have for some time wanted to get to the bottom of renewable subsidies and their impact upon electricity prices. But the complexity and opacity of the system has always defeated me. And then last week a report titled “Status Review of Renewable Support Schemes in Europe” landed in […]
Riyadh Feels the Pinch: The True Cost of Saudi Subsidies
Riyadh Feels the Pinch: The True Cost of Saudi Subsidies In downtown Riyadh, SUV-populated intersections and lushly landscaped parks leave little indication that Saudi Arabia is rapidly depleting its oil and water resources. The Saudi predilection for gas-guzzling vehicles and water-intensive leisure spaces is hardly surprising- governmental subsidies have long obscured the true cost of […]
G20 countries spend $450B a year on fossil fuel subsidies, study says
G20 countries spend $450B a year on fossil fuel subsidies, study says Countries promised in 2009 to phase out ‘inefficient’ fossil fuel subsidies — but progress has been slow The processing facility at the Suncor oilsands operations near Fort McMurray, Alta. A new report from Oil Change International finds that G20 countries are spending $452 […]
Subsidy Spotlight: Publicly Funding a Utah Disaster in the Making
Subsidy Spotlight: Publicly Funding a Utah Disaster in the Making A green stegosaurus graces the logo of Uintah County, Utah, a gateway to the famed Dinosaur National Monument, where breathtaking landscapes and fossils preserved in sandstone attract thousands of visitors every year. That logo has taken on new meaning over the past decade as prehistoric remains […]
And Then There’s The Things You Couldn’t Even Make Up – The Automatic Earth
And Then There’s The Things You Couldn’t Even Make Up – The Automatic Earth. There are things in this world which simply look plain stupid, and then there are those that at closer examination prove to be way beyond stupid. How about this one: 1) G20 taxpayers (you, me) subsidize the fossil fuel industry. That […]
