29 February 2012
Who Does the Government Support?
The global push towards a decrease in fossil fuel reliance and an increase in alternative energy production is creating a stir between governments and big oil industries. As the public becomes more aware and educated of the problems associated with petroleum extraction and use, as well as the long-term positive effects of alternative energy sources, such as wind or solar power, governments are also under greater scrutiny. In this article, they discuss that while the government in the UK has been publicly supporting and subsidizing alternative wind power, the tax breaks that it gives to oil companies far exceed the aforementioned subsidies.
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Can anyone find stats on how large fossil fuel subsidies are in the U.S.? With the concern over the budget deficit, this might be a good time to cut subsidies for coal and oil!
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