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
Statements

Statement on potential changes to federal onshore oil and gas regulations

April 17, 2015

The following is a statement by Ryan Alexander, President of Taxpayers for Common Sense on the Bureau of Land Management's advance notice of... Read More

Our Take

Oil and Gas Leasing, Revenue Collection, and Fair Return for Taxpayers Discussed at Senate Hearing

April 13, 2015

Oil and Gas Leasing, Revenue Collection, and Fair Return for Taxpayers Discussed at Senate Hearing On March 17th, the Senate Appropriations Energy and Water Development Subcommittee held a hearing on the FY2016 budget requests for the Bureau... Read More

Our Take

Budget Hearing: Senate Energy and Water Subcommittee discusses DOE’s FY16 budget request

April 13, 2015

Budget Hearing: Senate Energy and Water Subcommittee discusses DOE’s FY16 budget request On March 25th, the Senate Appropriations Energy and Water Development Subcommittee held a hearing on the Department of Energy (DOE)’s FY2016... Read More

Our Take

DOI Budget Hearing: Lawmakers Discuss Coal Royalties, Methane, and Oil and Gas Leasing

March 20, 2015

DOI Budget Hearing: Lawmakers Discuss Coal Royalties, Methane, and Oil and Gas Leasing March 5th House Natural Resources Committee hearing on DOI’s FY2016 budget request... Read More

Our Take

House Appropriations Interior Subcommittee questions USFS Chief on FY2016 Budget Request

March 20, 2015

House Appropriations Interior Subcommittee questions USFS Chief on FY2016 Budget Request On March 3rd, the House Appropriations Interior Subcommittee held a hearing to examine the U.S. Forest Service (USFS)’s FY2016 budget request.... Read More

Our Take

Secretary Jewell discusses DOI FY16 Budget Request with House Appropriations Interior Subcommittee

March 19, 2015

Secretary Jewell discusses DOI FY16 Budget Request with House Appropriations Interior Subcommittee On February 25th, Department of the Interior (DOI) Secretary Sally Jewell and Deputy Secretary Mike Connor testified before the House... 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

Environmental Group Targets Ohio’s Portman over Clean Air

April 13, 2015 | The Toledo Blade

One of America’s most well-financed and courtroom-savvy environmental groups is going hard after U.S. Sen. Rob Portman (R., Ohio) for a budget... Read More

The Iowa Caucuses Have a Winner: Ethanol

March 27, 2015 | The Wall Street Journal

Opinion At the Iowa Agriculture Summit earlier this month, most of the prospective Republican presidential candidates embraced the... Read More

More Carbon Capture Projects Could Lose Funding as Recovery Act Deadline Looms

March 17, 2015 | Bloomberg BNA

March 16 — Two carbon capture and sequestration projects are at risk of having hundreds of millions of dollars in Recovery Act funding revoked... Read More

House Democrats Back Obama Plan to Halt Gulf Revenue Sharing

March 17, 2015 | Environment & Energy

House Democrats are quietly backing President Obama's bid to divert billions of dollars in future offshore oil and gas revenues from Gulf... Read More

Methane Gas Regulation to Impact New Mexico

March 17, 2015 | New Mexico Daily Lobo

New Mexico will likely be among the states most impacted by President Barack Obama’s renewed effort mitigate climate change through the... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

March 13, 2015

Thinking Positive on Tax Reform

“We live in very partisan times.” So begins Senate Finance Committee Chairman Orrin Hatch (R-UT) in a 340 page... Read More

Coal Subsidies Database

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