subsidies

The US Installed More Than Twice As Much Solar and Wind As Fossil Fuel Electricity So Far In 2015

Throughout the entire first half of 2015, solar and wind energy accounted for 2,518 megawatts of new electricity generating capacity brought online in the US — some 65 percent of all new capacity added so far this year.

Coal accounted for a mere 3 MW during that time period, while natural gas accounted for 1,173 MW (there was no new oil). That’s less than half the amount of solar and wind energy added January to June. Wind alone, at 1,969 MW, was more than all fossil fuels combined.

Recession, Not Fracking, Behind Drop in U.S. Carbon Dioxide Emissions, Scientists Conclude

It’s been a talking point for boosters of the shale gas rush for years: as fracking spread across the country and the supply glut drove prices down, utilities have been shuttering dirty coal plants and burning natural gas instead – meaning that America’s carbon dioxide (CO2) emissions dropped sharply. Fracking, the argument went, is actually good for the environment because it’s good for the climate.

Fossil Fuels from Federal Lands Create One Quarter of Total U.S. Carbon Emissions, New Report Concludes

A newly released analysis by the Climate Accountability Institute concludes that fossil fuels extracted from federal lands release carbon equal to a quarter of all U.S. greenhouse gas emissions. The rate has stayed roughly consistent from 2003 to 2014.

When it comes to coal, the rate was even higher than average last year, the report concluded. “In 2014, two-fifths (40.2 percent) of U.S. coal  production was from leases on Federal Lands;  production on Indian Lands accounted for an additional 1.9 percent of U.S. coal production,” wrote Rick Heede, author of the analysis.

G20 Governments are Spending $88B Each Year to Explore for New Fossil Fuels. Imagine if Those Subsidies Went to Renewable Energy?

oil change international, subsidies, oil gas exploration

Rich G20 nations are spending about $88 billion (USD) each year to find new coal, oil and gas reserves even though most reserves can never be developed if the world is to avoid catastrophic climate change, according to a new report.

Generous government subsidies are actually propping up fossil fuel exploration which would otherwise be deemed uneconomic, states the report, “The fossil fuel bail-out: G20 subsidies for oil, gas and coal exploration.”

Produced by the London-based Overseas Development Institute and the Washington-based Oil Change International the 73-page analysis also noted the costs of renewables is falling and the investment returns are better than fossil fuels.  

Every U.S. dollar in renewable energy subsidies attracts $2.5 in investment, whilst a dollar in fossil fuels subsidies only draws $1.3 of investment,” said the report released Tuesday, just days ahead of the G20 leaders meeting in Brisbane, Australia.

The report also notes the G20 nations are creating a ‘triple-lose’ scenario by providing subsidies for fossil-fuel exploration.

Subsidy Spotlight: Paying the Price of Tar Sands Expansion

This is a guest post by Anna Simonton, on assignment with Oil Change International.

Carolyn Marsh was in her living room watching television on a Wednesday night in August when she heard a loud boom from somewhere outside. Having lived in the industrial town of Whiting, Indiana––just south of Chicago––for nearly three decades, she wasn’t terribly shaken. “There’s a lot of noise constantly,” she explains.

But when the news came on an hour later and reported an explosion at the nearby BP refinery, Marsh was incensed. It was the second serious incident since the recent completion of BP’s Whiting Refinery Modernization Project, which Marsh had fought to prevent.

In December 2013, after six years of community pushback, court battles, Environmental Protection Agency citations, and ongoing construction in spite of it all, BP’s $4.2 billion retrofitted facility came fully online.

Subsidizing Carbon Craziness: How Taxpayer Dollars for Capturing Carbon Greenwash Dirty Energy

Subsidy Spotlight

This is a guest post by Anna Simonton published with permission from Oil Change International 

The dirt roads of Penwell, Texas, criss cross overgrown lots littered with the detritus of a bygone oil boom that petered out in the 1940s. But as early as next summer, this ghost town 16 miles southwest of Odessa will become the site of a new coal power plant facility––funded in large part by taxpayers––that could play a major role in not only helping prolong the life of a dying coal industry, but in fueling an oil boom that’s just getting started in the Permian Basin region of West Texas.

The Texas Clean Energy Project (known as TCEP) is a proposed coal gasification plant that will generate electricity while attempting to capture 90 percent of the carbon dioxide emitted in the process. That’s according to Summit Power Group, the Seattle-based company behind the project.

TCEP is one of four U.S. power plants in the planning stages that would use Carbon Capture and Sequestration technology, which comes with an unproven track record and an exorbitant price tag for taxpayers…not to mention the impacts of mining the coal in the first place. A fifth such plant is already under construction in Mississippi.

Not at Home on the Range: Subsidized Fracking Hits Colorado

This is a guest post by Paul Thacker, originally published by Oil Change International.

A general contractor in Colorado’s Grand Valley, Duke Cox says the first time he became aware that drilling for gas might be a problem was back in the early 2000s when he happened to attend a local public hearing on oil and gas development. A woman who came to testify began sobbing as she talked about the gas rigs that were making the air around her home impossible to breathe.

There were 17 rigs in the area, at that time,” Cox says. “And they were across the valley, so I wasn’t affected. But she was my neighbor.” The incident led Cox to join the Grand Valley Citizens Alliance, a group of activists concerned about drilling policies in his area on Colorado’s Western Slope. Within months he became the group’s President and public face. And as fracking for gas became more common across the state, he has found more and more of his time taken up with the cause.

We are ground zero for natural gas and fracking in this country,” he says.

No Matter How You Count Them, Fossil Fuel Subsidies Are As High As Ever

The exact worth of massive global fossil fuel subsidies is incredibly hard to figure. There’s no real consistency in the definitions of subsidies, or how they should be calculated. As a result, estimates of global subsidy support for fossil fuels vary widely.

According to a new analysis by the Worldwatch Institute, these estimates range from $523 billion to over $1.9 trillion, depending on what is considered a “subsidy” and how exactly they are tallied.

Worldwatch Institute research fellow Philipp Tagwerker, who authored the brief, explains:

The lack of a clear definition of “subsidy” makes it hard to compare the different methods used to value support for fossil fuels, but the varying approaches nevertheless illustrate global trends. Fossil fuel subsidies declined in 2009, increased in 2010, and then in 2011 reached almost the same level as in 2008. The decrease in subsidies was due almost entirely to fluctuations in fuel prices rather than to policy changes.

In other words, though the estimates vary widely, they all agree that fossil fuel subsidies are back up to the record levels they were at in 2008, before the financial crisis caused a temporary dip. So while world leaders, including President Obama, talk about ending subsidies that benefit one of the world's richest industries, there hasn't been any actual reduction. 

Dirty Energy Subsidies Still 5x More Than Pledged Climate Aid, Activists Ask #WTF?

subsidies

Oil Change International released a briefing paper today at COP19 in Warsaw revealing that subsidies lavished on the fossil fuel industry by wealthy industrialized nations add up to more than five times the amount of climate finance aid the same countries have so far pledged to deliver to poorer nations to reduce their global warming emissions and adapt to manmade climate change.

Despite the fact that industrialized countries have pledged to scale up to $100 billion in annual climate aid by 2020, they are still pumping more money in the opposite direction, subsidizing fossil fuels production and consumption instead of helping
 the developing countries adapt and mitigate against climate change impacts. 

The G-20 has unanimously supported phasing out inefficient fossil fuel subsidies since 2009, and re-affirmed its commitment to doing so this fall, so there is no reason for this disconnect to persist, other than the powerful grip that the oil and coal industries have over many of these governments currently.

Oil Change International's website summarizes this backwards approach:

What The Dirty Energy Industry Earns From Millions In Lobbying

When you combine the lobbies of electric utilities (representing the coal industry) and the lobbies of oil and gas interests, there is no industry that puts more money into buying politicians and influence from year to year than the fossil fuel industry. So far this year, the utilities and the oil and gas industry combined have already pumped a staggering $75.7 million into lobbying activities, and we still have more than five months left until the end of the year.

But that amount is a mere pittance when compared to the $285 million the two groups spent lobbying during 2012, or the $295 million they spent the year before. Again, when taken together, no industry outspends the dirty energy industry in Washington, D.C.

Like any savvy investor, the industry puts its money wherever they believe they can get the highest return on investment. And nowhere is that return higher than in the Republican-controlled U.S. House of Representatives.

Just last month, Republicans in the House, joined by only 16 Democrats, passed a bill that, if signed into law, will force the Obama administration to come up with a five year plan on how best to expand drilling activities in America. The bill would require the President and his administration to vastly increase the amount of offshore areas available for oil drilling, giving the oil industry free rein over our coastal waterways. 

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