America spends over $20bn per year on fossil fuel subsidies. Abolish them

 

https://www.theguardian.com/environment/climate-consensus-97-per-cent/2018/jul/30/america-spends-over-20bn-per-year-on-fossil-fuel-subsidies-abolish-them

 

 

While we need to leave fossil fuels in the ground, America is giving the fossil fuel industry billions to extract more

 

Dana Nuccitelli

 

Mon 30 Jul 2018

“The OCI report noted that the Obama administration actually proposed to eliminate 60% of federal fossil fuel industry subsidies, but that proposal went nowhere for one obvious reason:

In the 2015-2016 election cycle oil, gas, and coal companies spent $354 million in campaign contributions and lobbying and received $29.4 billion in federal subsidies in total over those same years – an 8,200% return on investment.”