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

TCS Analysis of President’s FY2015 Budget

March 04, 2014

TCS Analysis of President’s FY2015 Budget TCS staff will be combing through the President's budget over the next several hours and days.... Read More

Press Releases

New report details effective tax rates and various tax breaks used by the Oil & Gas industry

April 10, 2014

Taxpayers for Common Sense's new report, “Understanding Oil and Gas Tax Subsidies,” offers a detailed review of the suite of tax subsidies the oil and gas industry receives. ... Read More

Our Take

Energy Tax Extenders in Senate EXPIRE Act

April 03, 2014

On Tuesday, April 1, 2014, Senate Finance Committee Chair Ron Wyden (D-OR) released the version of the tax extenders package that the... Read More

Our Take

The Lost Cause of Clean Coal

March 05, 2014

The Lost Cause of Clean Coal A recent congressional hearing (“DOE Oversight: Status of Clean Coal Programs”, House Energy & Commerce Committee, Subcommittee on Oversight... Read More

Our Take

Breakdown of Rep. Camp’s Tax Reform Proposal

February 26, 2014

Breakdown of Rep. Camp’s Tax Reform Proposal TCS analysis and commentary on the draft tax reform proposal released by Rep. Dave Camp this week. ... Read More


TCS Statement on Finalizing of $6.5 Billion Vogtle Loan Guarantees

February 19, 2014

TCS Statement on Finalizing of $6.5 Billion Vogtle Loan Guarantees Statement by Ryan Alexander, president of TCS, on the announcement by DOE Secretary Moniz of plans to finalize $6.5 billion loan guarantees Vogtle Nuclear Reactors... Read More

More in-depth material from TCS in Energy

A Century of Subsidies for the Oil & Gas Industry

April 18, 2014

The oil and gas industry has been getting subsidies for almost a century. We can't afford special treatment for profitable companies. The time has come to end taxpayer subsidies for the industry.... Read More

Fact Sheets

Finances of DKRW - Medicine Bow Loan Guarantee Applicant

April 18, 2014

Finances of DKRW - Medicine Bow Loan Guarantee Applicant In 2008, Medicine Bow Fuel & Power LLC (MBFP) – a subsidiary of Texas-based DKRW Advanced Fuels LLC – applied for a loan guarantee to build... Read More

Fact Sheets

Updated:  Political Footprint of the Corn Ethanol Lobby

April 16, 2014

Updated:  Political Footprint of the Corn Ethanol Lobby The federal government has in one form or another provided lucrative subsidies to the corn ethanol industry for more than 30 years, wasting... Read More

Fact Sheets

Updated: Taxpayer Supports for Corn Ethanol in Federal Legislation

April 15, 2014

Updated: Taxpayer Supports for Corn Ethanol in Federal Legislation Since its creation of the domestic market for corn ethanol after the energy crisis of the 1970s, the federal government has nurtured and... Read More

TCS appearances in the media in Energy

The Poster Child for Government Boondoggles

April 14, 2014 | US News & World Report

In South Carolina, about a 30 minute drive from Augusta, Ga., down Route 125 is the Savannah River Nuclear Site. Savannah River is home to... Read More

Triumph of the Drill

April 14, 2014 | Mother Jones

Over the past century, the federal government has pumped more than $470 billion into the oil and gas industry in the form of generous, never-expiring tax breaks. Once intended to jump-start struggling domestic drillers, these incentives have become a tidy bonus for some of the world's most profitable companies.... Read More

Report: Feds worried about struggles at Generation mPower

April 04, 2014 | Charlotte Business Journal

The Washington Examiner reports The Babcock & Wilcox Co.’s expected cut in funding for Generation mPower small nuclear reactor research has... Read More

Company stumbles have Energy Dept., Capitol Hill worried about $450 million nuclear program

March 31, 2014 | Washington Examiner

Concern is growing at the Energy Department and on Capitol Hill about a combined $450 million of commitments made to two companies building... Read More

Republican Congressman to Oil and Gas Industry: ‘No More Subsidies’

March 03, 2014 | GreenTechMedia

Congressman Dave Camp (R-MI), chairman of the House Ways and Means Committee, introduced a tax reform bill earlier this week that removed... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

February 14, 2014

Sweetheart Deals

It’s Valentine’s Day, and the thoughts of a young farmer, shipbuilder, rural airport operator, or coal miner... Read More

Coal Subsidies Database

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