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
Letters & Testimony

Letter to DOE: Cut Funding for CCS Projects, Like FutureGen

February 27, 2015

Letter to DOE: Cut Funding for CCS Projects, Like FutureGen TCS has been tracking the FutureGen project for all of its tortured existence since 2003, and constantly advocating for its funding to be cut.... Read More

Our Take

Upcoming Administrative Actions on Methane

February 26, 2015

Upcoming Administrative Actions on Methane In January, the White House announced a series of actions aimed at reducing emissions from methane, a potent greenhouse gas, including a goal... Read More

Letters & Testimony

Joint Letter to the Senate Urges Renewable Fuel Standard Reform

February 26, 2015

Joint Letter to the Senate Urges Renewable Fuel Standard Reform Today, TCS joined 34 other organizations in support of a new measure to reform the failed Renewable Fuel Standard (RFS)... Read More

Our Take

New Vogtle Delay Highlights Risks of DOE’s Loan Guarantees

February 12, 2015

New Vogtle Delay Highlights Risks of DOE’s Loan Guarantees In a recent filing, Southern Company reported that the construction of two new nuclear reactors at Plant Vogtle, which is partially owned by... Read More

Letters & Testimony

Diverse Coalition Calls for RFS Reform in Letter to the House

February 04, 2015

Diverse Coalition Calls for RFS Reform in Letter to the House Today, TCS joined 34 other organizations in support of a bill introduced in the House to finally reform the failed Renewable Fuel Standard (RFS)... Read More

Statements

Taxpayers for Common Sense Statement on the end of FutureGen

February 04, 2015

Statement of Ms. Ryan Alexander, President, Taxpayers for Common Sense on the end of FutureGen. “After wasting hundreds of millions of tax... 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

Gulf Coast Lawmakers Fighting Plan to Redirect Offshore Oil Revenue

February 23, 2015 | USA Today

WASHINGTON – Gulf Coast lawmakers are vowing to fight President Barack Obama’s proposal to “redirect” millions of dollars in oil and gas... Read More

Renewable Fuel Standard Reform Closer to Reality than Ever

February 18, 2015 | Morning Consult

An unlikely coalition of legislators, environmental groups and oil and gas companies are poised to take down a resilient and unpopular policy:... Read More

DOE Suspends $1 Billion in FutureGen Funds, Killing Carbon Capture Demonstration Project

February 06, 2015 | Bloomberg Business

Feb. 4 — The Energy Department has suspended funding for FutureGen 2.0, all but ensuring that the carbon capture and sequestration project in... Read More

Wind PTC Opposition Seeks Skewed Energy Market

February 05, 2015 | The Hill

Former Sen. Don Nickels’ (R-Okla.) piece in The Hill last week, Allowing wind to thrive without the PTC, is just the latest salvo in the... Read More

Swenson: On the Public Dole

February 05, 2015 | The Spectrum

Congresswoman Joni Ernst gave the republican rebuttal to President Obama's State of the Union report and told of her life on an Iowa farm... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

February 20, 2015

High Risk for Waste

Alert! The Government Accountability Office – the nonpartisan watchdog arm of Congress – has released its “High... Read More

Coal Subsidies Database

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Our Take

TCS Analysis of President’s FY2016 Budget

February 02, 2015

Weekly Wastebasket

The Plane That’s Eating the Pentagon

February 27, 2015

Letters & Testimony

Fiscal Conservatives Urge Adherence to Budget Control Act

February 27, 2015

Letters & Testimony

Letter to DOE: Cut Funding for CCS Projects, Like FutureGen

February 27, 2015

Our Take

Upcoming Administrative Actions on Methane

February 26, 2015