Subsidies

More News and Commentary

Federal Subsidies Favor Taxpayer-Owned Oil, Gas, and Coal

The Hill: President Trump’s energy policies have established a wide-spread effort to rig the economy in favor of big energy and mining companies at the expense of the American public, while burying the evidence in secrecy. Early on, the Trump administration and Congress acted to keep its energy giveaways secret by repealing requirements that fossil […]

January 25, 2018 Read More →

Commentary: Unwarranted Coal Bailout Proposals Threaten Clean Energy Transition

The Hill: This is set to be the year that America decides if it values clean, affordable energy or political cronyism in its electricity markets. The Federal Energy Regulatory Commission’s (FERC) recent rejection of Secretary of Energy Rick Perry’s plan to force electricity customers across the country to pay billions of dollars to prop up uneconomic […]

January 18, 2018 Read More →

IEEFA Update: Markets Speak Louder Than Words — Federal Regulator Rejects U.S. Plan to Subsidize Coal and Nuclear Plants

Trump's Own Panel Says Grid is Operating Reliably as More Renewables and Natural Gas are Added

The Federal Energy Regulatory Commission’s (FERC) stunning decision yesterday to reject Department of Energy Secretary Rick Perry’s plan to subsidize operations of financially vulnerable coal plants shows just how powerfully energy markets in the United States are shifting. FERC said the evidence does not support Perry’s claim that retiring more coal and nuclear plants would […]

January 9, 2018 Read More →

FERC Rejects Perry’s Coal, Nuclear Subsidy Plan

AP: An independent energy agency on Monday rejected a Trump administration plan to bolster coal-fired and nuclear power plants, dealing a blow to President Donald Trump’s efforts to boost the struggling coal industry. The decision by the Republican-controlled Federal Energy Regulatory Commission was unexpected and comes amid repeated promises by Trump to revive coal as […]

January 9, 2018 Read More →

Op-Ed: Coal Subsidies Harm Texas’ Economy

The Monitor: “Trump Digs Coal” became one of the most recognizable slogans of the 2016 U.S. presidential campaign, and candidate Donald Trump’s promises to scrap the controversial Clean Power Plan (CPP) and bring back coal jobs struck a chord in Midwestern mining states. The vision of an unfettered, resurgent U.S. coal industry resonated with working […]

January 9, 2018 Read More →

Backlash in Wyoming Over Subsidy to Eastern U.S. Coal Producers

Casper Star-Tribune: A proposal to use federal money to help boost the coal industry in the eastern United States is raising protests from Wyoming. Wyoming Mining Association Executive Director Travis Deti says he thinks it’s “misguided” to provide federal support to a particular region over another. Deti says Wyoming coal would be at a competitive […]

August 15, 2017 Read More →

Little Action by G20 to Curb Fossil-Fuel Subsidies

Giles Parkinson for RenewEconomy: The G20 meeting in China may have been notable for the decision by both China and the US – the two biggest carbon emitters on the planet – to ratify the Paris climate treaty, an initiative that will almost certainly see the deal come into force by 2017, three years earlier […]

September 6, 2016 Read More →

Fits and Starts in Evolution of Energy Finance

Keith Schneider for CircleofBlue.org: Banks and nations are starting to move from financing high-carbon to investing in low-carbon fuel sources. For example, the World Bank, the second largest multilateral finance institution, says it no longer invests in most coal projects, including new power plants. A select number of governments have also indicated that they will […]

September 6, 2016 Read More →