Energy
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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As annual financial reports come in, it’s clear the oil and gas industry is looking to continue its decade long trend of being one of the... 
Ryan Alexander testified before House Oversight and Government Reform Committee... 
February 5, 2013
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Steve Ellis, 202-546-8500 ext... 
Oil and gas companies continue to boast substantial profits while reaping billions in taxpayer-backed subsidies. As of February 1st, four... 
The Department of Energy (DOE) loan guarantee program carries extremely high taxpayer risk, potentially jeopardizing billions of taxpayer dollars if energy project loans default.... -75x66.jpg)
At the 11th hour lawmakers and the White House agreed to a deal on the fiscal cliff. While the deal was crafted to address urgent tax hikes... 
With fiscal cliff looming, TCS calls for end to government handouts for failed oil shale experiments.... 
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