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

Billions in Taxpayer-Backed Loans Slated for Risky Nukes

December 10, 2014

Billions in Taxpayer-Backed Loans Slated for Risky Nukes Today the Department of Energy issued a $12.5 billion nuclear loan guarantee solicitation. More of a kitchen sink approach this time around,... Read More

Press Releases

Green Scissors Coalition Releases New Subsidy Database

November 17, 2014

Green Scissors Coalition Releases New Subsidy Database New, interactive database identifies environmentally-harmful government waste... Read More

Letters & Testimony

TCS Submits Comments on Draft Nuclear Energy Loan Guarantee Solicitation

November 04, 2014

TCS Submits Comments on Draft Nuclear Energy Loan Guarantee Solicitation In September, the Department of Energy (DOE) published a Draft Advanced Nuclear Energy Loan Guarantee Solicitation. If finalized, the... Read More

Our Take

Expanded Draft Solicitation for Nuclear Energy Loan Guarantee Released

October 08, 2014

Expanded Draft Solicitation for Nuclear Energy Loan Guarantee Released On September 30, the Department of Energy (DOE) issued a new draft solicitation which, if finalized, would make up to $12.6 billion in loan... Read More

Our Take

Senate Finance Committee Holds Hearing on Energy Tax Reform

September 18, 2014

Senate Finance Committee Holds Hearing on Energy Tax Reform The Senate Finance Committee met yesterday to discuss the need for reforming the nation’s outdated energy tax laws as part of the larger tax... Read More

Letters & Testimony

TCS Letter to Senate Finance Committee Urging Reform of Energy Tax Provisions

September 17, 2014

TCS Letter to Senate Finance Committee Urging Reform of Energy Tax Provisions On Tuesday, TCS sent a letter to the Senate Finance Committee ahead of their hearing on energy provisions in the tax code.... Read More

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

Taxpayers are losing millions on natural gas extracted from federal land

November 19, 2014

The Bureau of Land Management (BLM) within the Department of the Interior (DOI) manages both leasing on federal lands and leasing of federal... Read More

Fact Sheets

Updated: Biorefinery Assistance Program Fact Sheet

October 03, 2014

The Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program (formerly the Biorefinery Assistance Program), administered by the U.S. Department of Agriculture’s (USDA) Rural Development office, is intended to provide grants and loan guarantees to producers of advanced biofuels or heat and power from various bioenergy crops and feedstocks.... Read More

Fact Sheets

Updated: Rural Energy for America Program Fact Sheet

September 24, 2014 > Updated: September 24, 2014

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

Reports & Data

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

July 30, 2014

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

TCS appearances in the media in Energy

A Waste of Energy

December 04, 2014 | US News & World Report

More federal gas is lost than sold in some states, and it costs taxpayers big time.... Read More

Group Proposes Environmentally Friendly Budget Cuts

November 24, 2014 | The Daily Caller

 coalition of interest groups is proposing a list of fiscally responsible and environmentally friendly spending cuts that could appeal to... Read More

Special Interests Keep Ethanol Mandate Alive

November 18, 2014 | Newsmax

America is enjoying a huge oil and gas boom due to improved drilling techniques, yet the nation's energy sector is still plagued by government... Read More

Giving a New Meaning to Nuclear ‘Waste’

November 06, 2014 | US News & World Report

Congress may have instituted an earmark moratorium in 2010, but that hasn’t stopped legislators from fighting for parochial projects, even... Read More

Conservatives to Seek End to Wind Energy Tax Credit After Elections

November 05, 2014 | Congressional Quarterly

Emboldened by signs the GOP will take majority control of the Senate, Republican Sen. Patrick J. Toomey of Pennsylvania and other... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

August 01, 2014

Drilling for Tax Gold

Congress, especially this Congress, can make even simple tasks look difficult, but by all accounts reforming the... Read More

Coal Subsidies Database

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