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.
Explore the Energy Program
On July 2, the Department of Energy (DOE) Loan Programs Office announced a draft loan guarantee solicitation for advanced fossil energy... 
The United States Enrichment Corporation (USEC) recently released its midterm financial report and in addition to troubling financials,... 
The Senate Committee on Finance Subcommittee on Energy, Natural Resources, and Infrastructure met Wednesday, July 31 to discuss the... 
As midyear profit results are released this week, the oil and gas industry is asserting itself once more as one of the most lucrative and... 
Yesterday, TCS joined 12 other diverse organizations in a letter supporting a comprehensive review of the federal biofuels mandate.... 
Today, TCS President Ryan Alexander testified before the Senate Energy and Natural Resources Committee on proposed state-federal revenue... 
Section 136 of the Energy Independence and Security Act of 2007 (EISA) authorized the Department of Energy Advanced Technology Vehicles... 
For years, proponents of bioenergy and biofuels promised that the industry would help reduce U.S. dependence on fossil fuels, decrease... 
The Department of Energy (DOE) is asking Congress to provide $452 million in taxpayer subsidies to help license up to two experimental small... 
The United States Enrichment Corporation (USEC) was established in 1992 as a wholly-owned federal entity until it was privatized in 1998.... 
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