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

TCS Comments on Lost Gas Rule

April 22, 2016

TCS Comments on Lost Gas Rule Comments to the Bureau of Land Management on Waste Prevention, Production Subject to Royalties, and Resource Conservation, Proposed Rule; 81... Read More

Our Take

Peabody Declares Bankruptcy, Could Leave Clean-Up Costs to Taxpayers

April 14, 2016

Peabody Declares Bankruptcy, Could Leave Clean-Up Costs to Taxpayers The largest U.S. coal company declared bankruptcy Wednesday, potentially leaving $1.4 billion in clean-up costs to taxpayers.... Read More

Statements

TCS Statement: Peabody Declares Bankruptcy, Taxpayers On The Hook

April 13, 2016

TCS Statement: Peabody Declares Bankruptcy, Taxpayers On The Hook Today, the largest U.S. coal producer, Peabody Energy, which currently holds $1.4 billion in self-bonded clean-up or reclamation... Read More

Our Take

BLM Begins Review of Federal Coal Leasing Program

April 05, 2016

BLM Begins Review of Federal Coal Leasing Program Last week the Department of Interior (DOI) released a Notice of Intent to conduct a Programmatic Environmental Impact Statement (PEIS) of the... Read More

Our Take

Lawmakers Question Interior’s FY17 Budget

March 23, 2016

Lawmakers Question Interior’s FY17 Budget Interior Secretary Jewell recently testified at hearings on the Dept. of Interior's FY17 budget request.... Read More

Letters & Testimony

TCS Urges BLM to Avoid Delays, Reduce Wasted Gas Now

March 14, 2016

TCS Urges BLM to Avoid Delays, Reduce Wasted Gas Now In January, the Bureau of Land Management (BLM) proposed new rules to limit the amount of gas being vented, flared, and leaked from oil and... Read More

More in-depth material from TCS in Energy
Fact Sheets

Royalty Rate Reductions on Federal Coal Leases: 1990-2013

November 18, 2015

BLM has reduced the royalty rates on federal coal leases frequently during the last 25 years.... Read More

Fact Sheets

Coal Bonding: Time to Revisit Self-Bonding Requirements

November 09, 2015

For centuries, coal producers in the U.S. regularly abandoned their mines when on-site operations ended, leaving tens of thousands of... Read More

101

Venting and Flaring of Natural Gas on Federal Lands

October 13, 2015

The Bureau of Land Management (BLM) within the Department of the Interior (DOI) manages about 245 million acres of public lands, located... Read More

Reports & Data

Report: Understanding Federal Subsidies for the Biofuels & Biomass Industries

September 09, 2015

This report examines the subsidies the ethanol industry has received over the last three decades on all steps of the supply chain, and how biofuel and biomass subsidies have allowed the federal government to pick winners and losers, distort energy and agriculture markets, and contribute to expansion and overproduction of certain types of bioenergy.... Read More

TCS appearances in the media in Energy

Clean Coal’s Big Cost

April 22, 2016 | U.S. News & World Report

Despite the general paralysis in Congress this exceptionally polarized election year, lawmakers have been making efforts to provide more... Read More

Carbon Capture: Groups Slam Tax Credit Proposal

April 15, 2016 | Environment & Energy

A coalition of environmentalists and market-focused groups is urging Congress not to expand tax credits for carbon capture and sequestration... Read More

Coal Slump Sends Mining Giant Peabody Energy into Bankruptcy

April 14, 2016 | Bloomberg News

Peabody Energy Corp. filed for bankruptcy on Wednesday, the most powerful convulsion yet in an industry that’s still waiting for the coal... Read More

The Department of the Interior’s Budget Request

March 31, 2016 | Capital Insider

This month, Interior Secretary Sally Jewell attended a series of Congressional hearings and answered questions about her budget request for... Read More

Cleaning Out Taxpayers

March 23, 2016 | U.S. News & World Reports

A few months ago, I wrote in this space about the likely bankruptcy of one of the largest coal producers in the country, Arch Coal, and what... Read More

Weekly Wastebasket

Our weekly reality-check for federal spending. View All

April 29, 2016

Cutting Ties with Clean Coal

Lawmakers are trying to resuscitate the failed idea of “clean coal” with more subsidies for “carbon capture... Read More

Venting and Flaring of Natural Gas on Federal Lands

Burning Money Report

TCS Celebrates 20th Anniversary

Biofuels

Coal Subsidies Database

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