Fossil Fuels Getting Massive Federal Subsidies, Renewables Not So Much
President Obama has proposed eliminating federal subsidies for fossil fuels in 2011, but for now they're still a $72 billion piece of the pie. Solar, wind and geothermal? $12.2 billion.
As Timothy B. Hurst writes, "One of the most persistent arguments coming from those who oppose renewable energy subsidies is that they could never stand on their own without government intervention and that we should let the market decide which electricity source is best."
The infographic in the article makes it clear that fossil fuels are actually receiving a much greater amount of goverment intervention.
Published on Monday, March 8, 2010 in
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