My crazy homecoming weekend


So this past weekend I…

                My topic for my final paper is the government’s subsidies for renewable energy versus non-renewable energy companies. The two most common types of subsidies that are normally offered to the companies are tax credits and grants or loans. The prevailing public believes that the government is trying to promote sustainability and deter climate change by investing in companies that produce renewable energy.

The Environmental Law Institute did a study from 2002 to 2008 on how the United States government has used subsidies in the energy industries.  The ELI found that the government has spent substantially more money on companies that emit high levels of greenhouse gas emissions from fuel. Another finding from the study was the government has invested a larger amount of money into the fossil fuel industry than the renewable energy industry. The government has invested $72 billion into the fossil fuel industry while only spending $29 billion on renewable energy. Many companies that sell fossil fuels have tax breaks that benefit them because they receive tax credits for overseas production. This oversea production provides large amounts of financial support for unfair and corrupt governments. Another study from Susan Combs, a Texas comptroller of public accounts, produced similar reports as ELI. Susan reported that in 2006, the federal government spent $7,445,066,143 of taxpayer subsidies on nonrenewable energy while only spending $6,175,309,008 on renewable energy. In 2006, state and local subsidies totaled an approximate $1.4 billion with oil and gas combining for 99.6 percent of these subsidies. This report shows the large discrepancy by the federal and state governments on renewable and non-renewable energy subsidies. The facts provided by ELI and Susan Combs support the concept that the government is misusing their subsidies by favoring the fossil fuel industries over nonrenewable energy industry. The public should be more aware about the types of industries that their taxes are being used for.

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7 Responses to My crazy homecoming weekend

  1. awhigbee says:

    You are a giant copycat

  2. ALXLIONS says:

    does that mean you looked at my blog?

  3. Alyssa Haglund says:

    “like”

  4. jwhite17 says:

    Awesome title. One thing that I’ve always wondered about these subsidies is the economic impact. For example, are the subsidies for fossil fuels decreasing transportation costs? Are the the renewable energy subsidies/funding creating any palpable results? I’m all for increasing funding for alternative energy, but I’m always curious as to the context of the statistics.

  5. knriggins says:

    Love the title Alex.

  6. Slade says:

    Great title. Its ironic that in my article has costs similar to the energy costs, except that its related to prisons holding drug offenders.

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