Tax Code Woefully Out of Date on Energy Policy

Miller-McCune by Emily Badger | Sep. 18, 2009 (Special Report)

From 2002 through 2008, the U.S. federal government spent about $72 billion subsidizing fossil fuel industries, much of those benefits embedded in arcane tax codes written in another era, for a different kind of energy economy. Full Story »

Posted by W. MacKenzie

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by W. MacKenzie - Sep. 19, 2009

A short summary of a study that examined the $72 billion dollars in tax subsidies given to the oil industry for outdated purposes, and the meager amount given to developing renewables. Worth reading, and gives a nice chart to illustrate the problem.

W. posted this story.