EnergyEnergy

America's energy policy is riddled with unnecessary subsidies such as loan guarantees, corporate welfare, and special interest tax breaks. Many of the most profitable and powerful energy industries in the world receive federal handouts from cradle to grave. ...More

Today’s intricate web of energy subsidies allows energy companies to cash in on century-old, obsolete tax breaks. Loan guarantees force taxpayers to reimburse lenders if an energy company defaults on projects banks consider too risky.  Taxpayers also pick up the tab for oil spills and abandoned mines, when these bills should be paid by the companies that created the mess in the first place.

Direct subsidies, loan guarantees, price floors, and other financial incentives for mature, profitable industries distort market forces by enabling Congress to choose winners and losers.

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All the latest content from TCS in Energy
Our Take

Senate Energy and Water Spending Bill Held in Committee

August 06, 2014

Senate Energy and Water Spending Bill Held in Committee In June, the Senate Appropriations Committee scheduled a markup of the chamber’s FY2015 Energy and Water Appropriations bill only to pull it... Read More

Our Take

New Loan Guarantee Solicitation for Renewable Energy and Energy Efficiency Projects Issued

August 28, 2014

New Loan Guarantee Solicitation for Renewable Energy and Energy Efficiency Projects Issued On July 3, the Department of Energy (DOE) issued a new, expanded $4 billion solicitation for both renewable energy and energy efficient... Read More

Our Take

GAO Report: Renewable Fuel Standard Costs Outweigh Benefits

August 12, 2014

GAO Report: Renewable Fuel Standard Costs Outweigh Benefits A new Government Accountability Office (GAO) report reviewed seven Environmental Protection Agency (EPA) Regulatory Impact Analyses (RIAs) and found... Read More

Press Releases

Budget Watchdog Documents Low Federal Effective Tax Rates for Large Oil and Gas Companies

July 31, 2014

Effective Tax Rates of Oil and Gas Companies: Cashing in on Special Treatment report finds variety of special tax provisions allows companies to defer billions in taxes... Read More

Our Take

DKRW Again Seeking a Loan Guarantee as a Last Resort

July 18, 2014

DKRW Again Seeking a Loan Guarantee as a Last Resort Recently, executives from DKRW Advanced Fuels have said they plan on visiting officials at the Department of Energy (DOE) in the near future... Read More

Our Take

Government Report: Further Delays May Be In Store for Vogtle Project

July 16, 2014

Government Report: Further Delays May Be In Store for Vogtle Project The project to build two nuclear reactors for the Georgia-based Plant Vogtle, owned by Georgia Power and its partners, faces many challenges... Read More

More in-depth material from TCS in Energy
Reports & Data

Effective Tax Rates of Oil & Gas Companies: Cashing in on Special Treatment

July 30, 2014

Effective Tax Rates of Oil & Gas Companies: Cashing in on Special Treatment From 2009 through 2013, large U.S.-based oil and gas companies paid far less in federal income taxes than the statutory rate of 35 percent.... Read More

Fact Sheets

Updated: Bioenergy Program for Advanced Biofuels Fact Sheet

June 20, 2014

Updated: Bioenergy Program for Advanced Biofuels Fact Sheet Established by an Executive Order in 1999, the Bioenergy Program for Advanced Biofuels (BPAB) is intended to pay advanced biofuels producers to expand their production levels. Other than corn starch ethanol, nearly every other type of biofuel is eligible for the program, including ethanol, biogas, butanol, or biodiesel derived from cellulose (like perennial grasses or agricultural residues), sugar or starches, waste materials, sugarcane, or woody biomass. ... Read More

Fact Sheets

Updated: Rural Energy for America Program Fact Sheet

June 20, 2014

Updated: Rural Energy for America Program Fact Sheet The Rural Energy for America Program (REAP) was created in the 2008 farm bill to provide federal grants and loans to renewable energy... Read More

Fact Sheets

Updated: Repowering Assistance Program Fact Sheet

June 20, 2014

Updated: Repowering Assistance Program  Fact Sheet The Repowering Assistance Program, administered by U.S. Department of Agriculture’s (USDA) Rural Development office, reimburses biorefineries for using biomass sources like wood chips and perennial grasses as a heat and power source instead of fossil fuels.... Read More

TCS appearances in the media in Energy

New Oil and Gas Drilling Financed Largely With Debt

August 07, 2014 | OilPrice.com

Major oil and gas companies are taking on an increasing share of debt in order to maintain drilling momentum, according to data from the... Read More

The Surprising Truth About Oil and Gas Tax Breaks

August 06, 2014 | U.S. News & World Report

At Taxpayers for Common Sense, we recently analyzed the federal income taxes paid over the last five years by some of the largest U.S.-based... Read More

What’s fueling the fracking boom? Debt.

August 06, 2014 | Christian Science Monitor

Major oil and gas companies are taking on an increasing share of debt in order to maintain drilling momentum, according to data from the US... Read More

Big Oil Companies Pay Just A 11.7 Percent Tax Rate, Report Finds

August 05, 2014 | ThinkProgress

Big oil companies pay 23.3 percentage points less in tax than the rate typically imposed on corporations, according to a new report. The... Read More

Big oil companies pay an absurdly low tax rate

August 05, 2014 | Salon

A new report has found that the U.S.’s 20 biggest oil and gas companies pay only 11.7 percent in taxes — significantly less than the... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

June 20, 2014

Funding a Fantasy

When the Department of Energy (DOE) unveiled new initiatives to support small modular reactors (SMR) in March... Read More

Corporate Welfare in Agribusiness

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How US agriculture policy favors corporations over family farms.

Coal Subsidies Database

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