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 Committee Approves Energy Policy Reform Bill

July 31, 2015

Senate Energy Committee Approves Energy Policy Reform Bill After a three-day markup, the Senate Energy and Natural Resources Committee approved a broad energy policy reform bill on Thursday, July 30... Read More

Our Take

GAO Report: Inadequate Bonding Requirements for Wind and Solar Projects

July 02, 2015

GAO Report: Inadequate Bonding Requirements for Wind and Solar Projects Last week, the Government Accountability Office (GAO) released a new report on the Bureau of Land Management (BLM)’s bonding requirements for... Read More

Our Take

Another $1.8 Billion in Loan Guarantees for Troubled Nuclear Project

June 29, 2015

Another $1.8 Billion in Loan Guarantees for Troubled Nuclear Project   Reactors 1&2 at Plant Vogtle in Burke County, Georgia Last week, the Department of Energy (DOE)... Read More

Statements

DOE Finalizing $1.8 Billion in Loan Guarantees for Vogtle Owner Is Reckless

June 24, 2015

DOE Finalizing $1.8 Billion in Loan Guarantees for Vogtle Owner Is Reckless Today, the Department of Energy announced it would issue $1.8 billion in loan guarantees to the Municipal Electric Authority of Georgia (MEAG)... Read More

Statements

Comments to BLM on Oil and Gas Rulemaking

June 19, 2015

Comments to BLM on Oil and Gas Rulemaking The federal onshore oil and gas leasing system needs to be updated in order to ensure taxpayers a return for resources developed on public lands.... Read More

Our Take

BLM Proposes to Lock in Losses from Federal Coal Program

June 03, 2015

BLM Proposes to Lock in Losses from Federal Coal Program On May 29th the Bureau of Land Management (BLM) announced its proposed Resource Management Plan for the Buffalo Field office, which includes... Read More

More in-depth material from TCS in Energy
Awards

Golden Fleece: Blinders for Blender Pumps

July 21, 2015

With his creation of a new program to spend $100 million to pay for new gas station pumps that can handle high-blend ethanol fuels, Secretary... Read More

Fact Sheets

Biofuels Resource Page

June 23, 2015

The resource page for TCS' research on Biofuels.... Read More

Fact Sheets

2014 Farm Bill Crop Insurance Subsidies for Biofuels Crops

June 18, 2015

Taxpayers are increasingly subsidizing the entire supply chain of bioenergy production. Numerous federal farm bill programs subsidize the... Read More

Fact Sheets

Federal Subsidies for Corn Ethanol and Other Corn-Based Biofuels

June 15, 2015

Since its creation of the domestic market for corn ethanol after the energy crisis of the 1970s, the federal government has nurtured and... Read More

TCS appearances in the media in Energy

The billion dollar gamble

July 09, 2015 | Capital Insider

The Department of Energy has announced it will issue nearly $2 billion in loan guarantees. The money will be used for on-going nuclear reactor... Read More

Canary at the Coal Mine

May 08, 2015 | U.S. News & World Report

A few weeks ago, I wrote about Secretary Sally Jewell’s comments on the need for the Department of Interior to get a fair market return for... Read More

Congress Keeps Funding Overbudget Plutonium Site with No Real Customers

May 08, 2015 | The Washington Times

This week the House approved over $300 million for a Mixed Oxide Fuel Fabrication Facility at Savannah River in South Carolina as part of U.S.... Read More

Corn-Based Ethanol Debate Intensifies - A Bit

May 04, 2015 | JD Supra Business Advisor

A recent article in USA Today questions whether ethanol’s days are numbered. While that article is written from the perspective of whether the... Read More

Find Some Tax Day Budget Savings

April 15, 2015 | U.S. News & World Report

Tax day is here again. Whether or not you’ve already spent your refund or will be running to the post office or hitting the submit button at... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

July 24, 2015

Endless Love for Ethanol

It’s a timeless story of teenage romance: pledges of love, abandoning reason, and rebelling against authority.... Read More

20th Anniversary Celebration

Biofuels

Coal Subsidies Database

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