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

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

Our Take

Energy and Water Bill Passes House

July 16, 2014

Energy and Water Bill Passes House On Thursday, the House approved a $34 billion energy and water spending bill, providing funding for projects ranging from water development... Read More

Our Take

USEC Bankruptcy Filing Approved: Company to Proceed With Debt Restructuring Plan

July 14, 2014

USEC Bankruptcy Filing Approved: Company to Proceed With Debt Restructuring Plan Over the past two weeks, the value of the United States Enrichment Corporation’s (USEC) stock has fluctuated significantly, rising from... Read More

Letters & Testimony

Cut Back Needless Fossil Subsidies in Energy and Water Bill

July 10, 2014

Cut Back Needless Fossil Subsidies in Energy and Water Bill The Green Scissors coalition urges support for the amendment offered by Rep. Jackie Speier to reduce the Fossil R&D account to FY 2014 levels.... Read More

Letters & Testimony

Support common sense amendments to the Energy and Water Appropriations bill

July 09, 2014

Support common sense amendments to the Energy and Water Appropriations bill Taxpayers for Common Sense recommends an “aye” vote on the following amendments.... Read More

More in-depth material from TCS in Energy
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... 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... Read More

Fact Sheets

Updated: Biomass Research and Development Initiative Fact Sheet

June 20, 2014

Updated: Biomass Research and Development Initiative Fact Sheet The Biomass Research and Development Initiative (BRDI) provides grants to companies, universities, and government research centers to... Read More

TCS appearances in the media in Energy

MIT fusion reactor is focus of power play in Washington

June 13, 2014 | Boston Globe

CAMBRIDGE — Senator Elizabeth Warren placed her hand atop a large red button and pressed firmly, restarting a nuclear experiment that MIT... Read More

At MIT, a power play in every sense of the word;  The school’s prized fusion reactor was dead; its federal funding axed. Then its political allies went to work.

June 09, 2014 | Boston Globe

The dream could not be bigger: produce nuclear power without the radioactive waste or meltdown potential. Generate an unlimited clean source... Read More

Op-Ed: A Gust of Nuclear-Powered Hot Air

May 30, 2014 | Other Words published in Devils Lake Journal (North Dakota), Bristol Press (Connecticut)

Have you heard how nuclear power is a low-carbon solution that could ratchet down climate change? Even former Environmental Protection... Read More

Vogtle loan guarantee fee spurs debate on nuclear risk

May 19, 2014 | SNL

The recent revelation that the U.S. Department of Energy gave developers of the under-construction Vogtle reactors in Georgia $6.5 billion... Read More

Throwing Good Money After Bad Nuclear Reactors

May 08, 2014 | US News & World Report

When investors pull money out of certain technologies and companies shift resources to pursue other opportunities, what story does that... 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

Coal Subsidies Database

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