This Year it is Fossil Fuels Turn to Receive the Majority of DOE Funding
The
renewable energy and energy efficiency sectors received most of the US
federal government’s $24 billion in energy subsidies last year, but
fossil fuels will win out this year as several key tax breaks for
renewables have expired. Preferential tax treatment accounted for $20.5
billion, or about 85%, of federal support for developing and producing
fuel and energy technologies in 2011, while Department of Energy (DOE)
spending programmes comprised nearly $3.5 billion, or 15%, according to a
report by the non-partisan Congressional Budget…Read more...
No comments:
Post a Comment