Analysis of Selected Provisions in Hurricane Sandy Emergency Spending Proposals
December 17, 2012
Subsidizing Oil Shale: Tracing Federal Support for Oil Shale Development in the United States
November 29, 2012
The Department of Energy (DOE) loan guarantee program carries extremely high taxpayer risk, potentially jeopardizing billions of taxpayer dollars if energy project loans default....
At the 11th hour lawmakers and the White House agreed to a deal on the fiscal cliff. While the deal was crafted to address urgent tax...
Since the early 20th century, the federal government and private industry have attempted to commercialize oil shale but after years of...
With fiscal cliff looming, TCS calls for end to government handouts for failed oil shale experiments....
A basic primer on the Department of Energy (DOE) Loan Guarantee Program and answers general questions on the history, administration, and overall effect of the program....
Over the years the coal industry has received billions in federal subsidies, in a variety of forms including direct grants, loan...
A basic primer on the Green Scissors campaign and answers general questions about the history and goals of the coalition....
In the summer of 2011, Congress sent the President a bill that acknowledged failure. Instead of swallowing hard and coming up with...
Coal-fired energy production is one of the oldest and most profitable industries in the world. Yet despite decades of success, the well-established coal industry remains on the federal dole. ...
(Originally Posted December 2011, Most Recent Update: September 2012)
In 2008, Medicine Bow Fuel & Power LLC applied for a $1.7 billion...
H.J. Res. 117 — Continuing Appropriations Resolution, 2013 was released this morning (9/11/2012). TCS staff will be posting relevant documents and analysis as we digest this proposal over the coming days....
Created in Title 17 of the 2005 Energy Policy Act, the Department of Energy (DOE) Loan Guarantee Program has received increased scrutiny with the default of a loan guarantee to the solar start-up company, Solyndra....
The first half of 2012 has brought more multi-billion dollar profits for major oil companies. So far, these companies have raked in more...
While the program was intended for emerging energy technologies, mature industries like coal and nuclear are eligible as well. Congress provided the program with funding in several areas including advanced nuclear reactors, renewable and energy efficiency, front-end nuclear fuel cycle technology, and advanced fossil fuels....
For centuries the federal government has been in the business of providing billions in subsidies to coal companies in order to ensure...
Left-Right coalition identifies practical steps Congress could take to slash deficits, save natural resources....
Despite the ever-increasing price tag, incessant delays in progress, and known safety risks, the Department of Energy continues to pour federal subsidies into the Mixed Oxide Fuel (MOX) program year after year. ...
The Senate Committee on Finance held a hearing last week on tax reform and its impacts on energy policy. Among the four witnesses from...
In yet another attempt to revive the struggling United States Enrichment Corporation (USEC), the Department of Energy (DOE) has offered...
It appears that one of the top contenders for a loan guarantee under the Department of Energy program has decided to abandon original...
The Department of Energy (DOE) Loan Guarantee Program was created in the Energy Policy Act of 2005 to provide Treasury backed loan...
The House Appropriations Subcommittee on Energy and Water Development met Wednesday to discuss the FY2013 Office of Nuclear Energy budget...
With annual financial reports being released this time of year, the oil and gas industry is looking to continue its decade long trend of...
It appears the oil and gas industry is looking to continue its decade long trend of record profits. As of February 2nd, Chevron, Exxon...
Carbon capture and storage (CCS), also referred to as carbon capture and sequestration, is the process of separating carbon dioxide (CO2)...
The latest iteration of the Department of Energy’s FutureGen project (find a timeline here) is a federal initiative to finance and...
The Department of Energy loan guarantee program that backed Solyndra, a solar panel manufacturer which went bankrupt on August 31, 2011...
The Medicine Bow plant has been repeatedly delayed over eight years. Putting the full faith and credit of the U.S. government behind this costly and risky project is fiscally reckless. ...
FutureGen Project Timeline
• February 2003: Bush Administration announces initiative to develop zero-emissions “clean coal” power plant....
Taxpayers for Common Sense today released a report detailing the heavily subsidized biofuels industry's political clout.
The biofuels...
Another quarter, another unsurprising set of reports of huge profits for the oil companies. Continuing to be some of the most profitable...
The Department of Energy (DOE) Loan Guarantee Program was created in the Energy Policy Act of 2005 to provide Treasury backed loan...
It is time to end the wasteful tradition of subsidizing the corn ethanol industry. Taxpayers for Common Sense joined a diverse coalition of...
Today, Taxpayers for Common Sense submitted comments to the Bureau of Ocean Energy Management on Outer Continental Shelf Oil and Gas Lease...
Passed as part of the Energy Policy Act of 2005, the Department of Energy’s (DOE) Title XVII Loan Guarantee Program has $34 billion in...
Created in Title 17 of the 2005 Energy Policy Act, the Department of Energy (DOE) Loan Guarantee Program has received increased scrutiny with the default of a loan guarantee to the solar start-up company, Solyndra....
Taxpayers for Common Sense has been working hard to meet the challenge of that the so-called Super Committee is facing - $1.2-1.5...
Taxpayers for Common Sense has been working hard to meet the challenge of that the so-called Super Committee is facing - $.12-1.5...
Taxpayers for Common Sense joined environmental, consumer watchdog, and free-market groups today to release Green Scissors 2011, which...
Oil and gas companies have complained that they pay an effective tax rate of 41%....
The Congressional Budget Office (CBO) recently released a report on federal loan guarantees for nuclear power plants, which seriously...
Big Oil, Big Corn: An in-depth look at the Volumetric Ethanol Excise Tax Credit
Corn has been subsidized since the 1930s, but it was...
A small group Senators are attempting to snatch fiscal defeat from the jaws of taxpayer victory on ethanol subsidies. Last month the...
WASHINGTON, D.C.///June 1, 2011///With Congress poised to move forward on more taxpayer-backed loan guarantees for nuclear, wind, solar,...
WASHINGTON, D.C. – Today, Taxpayers for Common Sense (TCS) released “Subsidy Gusher: Taxpayers Stuck with Massive Subsidies while Oil and...
The Volumetric Ethanol Excise Tax Credit (VEETC) is the largest subsidy to corn ethanol, the most common biofuel in the U.S. The tax...
In keeping with President Obama’s call to end fossil fuel subsidies, the latest budget proposal includes several significant cuts to oil,...
The time has come for Congress to begin a serious discussion about how it is going to correct the current budgetary path into deeper and...
Energy
Total Cuts: $42 billion
Taxpayers have been subsidizing the same mature, polluting energy technologies for decades. Many...
The time has come for Congress to begin a serious discussion about how it is going to correct the current budgetary path into deeper and...
We all know that lawmakers are allowed the occasional stretching of the truth, but at a Senate Energy and Natural Resources...
The time has come for Congress to begin a serious discussion about how it is going to correct the current budgetary path into deeper and...
A review and analysis of the laws and regulations governing the collection and use of revenues from commercial energy development on federal lands and is a guide for policy-makers to use in developing appropriate policies for wind and solar energy projects....
As the dawn of the 112th Congress draws near, there are several reforms Congress should enact, regardless of which party is in control....
Congress’ failure to make any progress on energy policy this session is costing taxpayers....
Taxpayers for Common Sense joined a number of environmental and consumer groups and a bipartisan slate of Representatives today in...
On July 22, the Senate Committee on Appropriations passed the Energy and Water Development Appropriations Bill. The $34.97 billion bill...
Late yesterday the Senate rejected the House passed Emergency Supplemental Appropriations Bill, which included $18 billion in new loan...
The Government Accountability Office released a new report today, finding that the Department of Energy’s (DOE) Loan Guarantee Program...
On Wednesday, AREVA, a French nuclear power conglomerate, accepted a Department of Energy conditional loan guarantee of $2 billion for...
On February 16, 2010, the Department of Energy offered the first conditional nuclear loan guarantee of $8.3 billion to Southern Company...
The Gulf of Mexico oil spill has refocused Congress’ attention on energy and climate legislation. Senate Majority Leader Harry Reid...
Big Oil has made Big Money over the last decade. In fact, the last five years proved to be some of the most profitable for any U.S....
Today Senators John Kerry (D-MA) and Joe Lieberman (I-CT) will release their long awaited climate legislation, the American Power Act....
Yesterday at a Senate Energy and Water Appropriations Subcommittee hearing, Energy Secretary Chu said an additional $9 BILLION in...
On March 17th, the House Appropriations Subcommittee on Energy and Water Development donned green ties for St. Patrick’s Day and met to...
In keeping with President Obama’s call to end fossil fuel subsidies, the latest budget proposal includes several significant cuts to oil,...
Analysis of Senate Energy and Natural Resources Full Committee Hearing March 3, 2010
In early March, the Senate Energy Natural...
Title XVII of the Energy Policy Act of 2005 authorized the Department of Energy (DOE) Loan Guarantee Program to provide loan guarantees for...
On February 4th, the Senate Energy and Natural Resources (ENR) Committee held a hearing on the President’s FY2011 Department of Energy...
***Originally Posted January 29, 2010***
The Department of Energy announced in December 2009 that they would soon issue Treasury-backed...
The Presidents fiscal year 2011 (FY2011) budget request includes a $28.4 billion discretionary budget for the Department of Energy (DOE)....
The President’s budget ends funding for the Yucca Mountain project, which was intended to be a permanent nuclear waste disposal site....
The President’s FY2011 budget proposal triples funding to the Department of Energy Loan Guarantee Program. This includes $36 billion in...
Similar to last year’s budget request, the Fiscal year 2011 budget request eliminates several longstanding oil and gas subsidies. TCS is...
The American Clean Energy Leadership Act of 2009 (ACELA), S. 1462, as approved by the Senate Energy and Natural Resources Committee in...
Both the House and Senate have proposed the creation of the new federal financing entity known as the Clean Energy Deployment...
Discovered by German scientists during World War II, the Fischer-Tropsch process – referred to by the Department of Energy as...
What are federal loan guarantees?
Federal loan guarantees allow borrowers to receive a loan from an independent or federal lender with the...
Despite being expensive, inefficient, and ineffective, hydrogen fuel cell technologies have received more than $1.4 billion in federal...
Oil and gas companies that drill offshore or on public lands are required to pay for the oil and gas they remove in the form of royalties. However, because of out-dated energy policy and mismanagement of royalty collection, oil and gas companies often pay little to no royalties to the owners of the resources—U.S. taxpayers. At a time when oil companies have experienced five years of record profits, there is no need to subsidize the industry with royalty holidays. With prices at more than $80/barrel, and predicted to increase, the industry has ample incentive to produce more oil without taxpayer subsidies. ...
What are federal loan guarantees?
Federal loan guarantees allow borrowers to receive a loan from an independent or federal lender with...
The president’s fiscal year 2010 budget repeals several long-standing oil and gas subsidies, saving an estimated $31.7 billion over the next ten years.i In addition, general tax and subsidy reforms will save $108.5 billion, largely from subsidies that benefit the oil and gas industries. For nearly a century, taxpayers have provided billions of dollars in subsidies to the oil and gas industry, this proposal takes the first step toward reining in decades of giveaways....
Since the nation began using nuclear energy, the federal government has provided billions in subsidies to the industry. More than $85...
This fall, Congress is poised to consider an energy financing entity that would allow for the distribution of extensive loan guarantees and...
Last month, the House Committee on Science and Technology held a hearing on nuclear fuel reprocessing. The hearing covered a range of...
The Obama Administration has put the Global Nuclear Energy Partnership (GNEP) on hold until further notice. GNEP, an international...
Another Huge Year
Exxon Mobil likes breaking records. In 2007, it posted the biggest annual profit number reported by any American...
Title XVII of the Energy Policy Act of 2005 authorized the Department of Energy (DOE) Loan Guarantee Program to provide loan guarantees for...
Subsidies to the coal industry began in 1932, when the federal government allowed companies to deduct a portion of their income to help...
In 1932, the federal government began giving subsidies to the coal industry in order to help the industry recover initial capital...
Through a combination of subsidies, trade restrictions, and government mandates a handful of corporate agribusinesses and oil companies...
The President’s budget released last week includes $ 26.3 billion for the Department of Energy, a $2.1 billion increase over 2008 and...
Today TCS explained the basics of the Department of Energy's loan guarantees program at an Institute for Energy and Environmental...
On behalf of our combined memberships, we urge you to ensure the Department of Energy (DOE) Loan Guarantee Program is not granted...
Since the beginning of nuclear energy the federal government has provided billions in handouts to the industry. More than $85 billion has...
The following is a summary of the non-consumer energy tax breaks included in H.R. 1424, the Emergency Economic Stabilization Act of 2008....
Taxpayer subsidies to the oil and gas industry have played a major role in U.S. energy policy since 1916. Two of the largest tax breaks,...
Nuclear fuel reprocessing is the process of collecting nuclear waste to recover and reuse plutonium and uranium. Despite decades of...
As was the case for much of the last decade, profits for major oil and gas companies continue to skyrocket. Exxon brought in over $14...
Today the House passed a Continuing Resolution and a minibus that included the final FY09 Defense spending bill, which had 6 earmarks for...
Thank you for the opportunity to comment on the proposed rule for Oil Shale Management. Taxpayers for Common Sense (TCS) is a non-partisan...
The following are links to TCS's analysis and database for each of the FY09 appropriations bills. (Note: With the exception of House...
Under intense pressure from the oil and natural gas industry, the Minerals Management Service (MMS)1 started the Royalty-in-Kind (RIK)...
Since the late 1970’s, the federal government has funneled billions of dollars into “Clean Coal” technology and programs designed to make...
The Energy Policy Act of 2005 established the Department of Energy (DOE) Loan Guarantee Program to grant loan guarantees for innovative...
This is the first in a series of state specific analyses Taxpayers for Common Sense is completing on energy industry subsidies, profits and...
TCS fights to keep unnecessary subsidies, loopholes and tax breaks out of America's energy policy
For more than a decade, TCS has led the...
Taxpayers for Common Sense works with a broad range of groups to enact significant farm policy reform. With the farm bill up for...
The coal industry received more than $9 billion in loans, research funds, tax breaks and other subsidies in the Energy Policy Act of 2005. ...
The administration’s 2009 budget for the Department of Energy Loan Guarantee Program requests $38.5 billion in loan guarantee...
From surfing subsidies to the Great Wall of Bedford, Indiana, Wisconsin Senator William Proxmire’s Golden Fleece Award protected...
Since the beginning of nuclear energy the federal government has provided billions in handouts to the industry. Nuclear power has received...
Dear Representative,
On behalf of our combined memberships, we urge you to support stringent budget caps on the Department of Energy...
Increasing reliance has been placed on federal government-backed private loan guarantees as a vehicle to fund private business enterprise....
Dear Senator,
We urge you to oppose the inclusion of language in the final energy bill exempting the Department of Energy (DOE) Loan...
Dear Senator:
We are writing to urge you to vote for the Wyden-Sununu Amendment to the energy bill currently being debated by the Senate....
Dear Natural Resources Committee Member:
Taxpayers for Common Sense Action urges you to oppose amendments to weaken key provisions in...
Good morning Chairman Rahall and distinguished members of the committee. Thank you for the opportunity to testify today. My name is...
Good morning Chairman Rahall and members of the committee. Thank you for the opportunity to testify today. My name is Ryan Alexander...
The current 768 page, 5 inch thick energy legislation is fueled by pork and will do very little to
reduce energy prices or increase...
Dear Senator,
Taxpayers for Common Sense Action (TCS Action), a non-partisan budget watchdog organization, urges you to oppose S....
Dear Representative,
Taxpayers for Common Sense Action (TCS Action), a non-partisan budget watchdog organization, urges you to oppose H.R....
The U.S. Senate
Dear Representative:
On behalf of the Green Scissors campaign, a coalition of environmental, taxpayer and consumer groups, we urge you...
Dear Representative,
Taxpayers for Common Sense urges you to support language added to the House Interior Appropriations Bill by...
“Now, we don’t think oil companies need tax incentives or subsidies to drill for oil at $70 a barrel, or for that matter at $25.” Wall...
“Relief” for Oil and Gas
A Fiscal Headache for Taxpayers
“Now, we don’t think oil companies need tax incentives or subsidies to drill...
Oppose the $5 Billion "Energy Bill II"
The ink has hardly dried on the bloated federal energy bill (Energy Policy Act of 2005), and yet...
The 10 worst provisions of the 2005 Energy Bill. To read the fact sheet, click here.
Washington, D.C. – The following is a written statement by Jill Lancelot, President of Taxpayers for Common Sense on the President signing...
Dear Energy Bill Conferee, Taxpayers for Common Sense Action, a non-partisan budget watchdog group, urges you to omit the Senate-passed...
Dear Energy Bill Conferee,
Taxpayers for Common Sense Action, a non-partisan budget watchdog group, thanks you for keeping the $30...
Washington, D.C. - The following is a written statement from Steve Ellis, Vice President for Programs at Taxpayers for Common Sense on the...
Dear Representative:
We urge you to support the Sanders-Rohrabacher-Tim Ryan-Paul-Kucinich amendment to H.R. 3057, the FY 2006 Foreign...
Dear Senator,
We urge you to oppose the amendment by Senators Pete Domenici, Mary Landrieu, and others to divert $1 billion in federal...
Dear Senator:
On behalf of our members, the undersigned groups urge you to oppose the Energy Policy Act of 2005. We strongly believe...
Energy Bill
December 2007
For more than a half century the federal government has provided billions in handouts to the nuclear power...
Dear Representative,
Taxpayers for Common Sense Action (TCS Action), a non-partisan budget watchdog group, strongly opposes H.R. 6, the...
May 13, 2005
Washington, D.C. - The following is a written statement by Jill Lancelot, President of Taxpayers for Common Sense, on final passage of H.R....
Washington, D.C - The following is a prepared statement by Keith Ashdown, Vice-President of Policy at Taxpayers for Common Sense on H.R....
Dear Representative,
We urge you to support the Grijalva amendment to strike Section 2005 from H.R. 6, the Energy Policy Act of 2005,...
Dear Representative,
We urge you to support the amendments by Representative Capps to strike “safe harbor” and transition assistance for...
Dear Representative,
We urge you to support the Doggett amendment to the tax portion of the energy bill, which would end the decades-old...
This report discusses the 109th Congress legislative proposals on issues concerning Ethanol and MTBE Arctic National Wildlife Refuge...
This report gives brief background information on agriculture-based renewable energy sources as well as describes the economic and energy...
PDF Description: CRS report on the background and analysis of The Arctic National Wildlife Refuge (ANWR), Other Non-Tax Energy, Production...
This report presents an analysis of energy efficiency goals and standards as presented by the DOE. It also includes information on DOE...
World Oil Demand and the Effect on Oil Prices
Washington, D.C. – The following is a prepared statement by Steve Ellis, Vice President at Taxpayers for Common Sense on the House Energy &...
Washington, D.C. - The following is a written statement by Jill Lancelot, President of Taxpayers for Common Sense, on the energy bill...
Dear Representative: Taxpayers for Common Sense Action (TCS Action), a nonpartisan, budget watchdog group, opposes H.R. 4503, the Energy...
Washington, D.C. - The following is a written statement by Jill Lancelot, President of Taxpayers for Common Sense, a national budget...
Washington, D.C. - The following is a written statement by Aileen Roder, Program Director at Taxpayers for Common Sense on introduction of...
Washington, D.C. - The following is a written statement by Aileen Roder, Program Director at Taxpayers for Common Sense on S. 2095:
Much...
Taxpayers for Common Sense Analysis of H.R. 6 by Energy Type or...
Taxpayers for Common Sense Analysis of Authorized Spending in Energy Bill Report (H.R. 6) Click Here to read this analysis.
Title IV, Subtitle B of S. 14 provides federal loan guarantees to build six new nuclear power plants at an estimated cost of $14 to $16...
CATEGORY: ENERGY & MEDIA
TAGS: statement, Jill Lancelot, energy bill, Senate, tax breaks, energy subsidies
TITLE: A Costly Deal on the...
Washington, D.C. - The following is a written statement by Jill Lancelot, President of Taxpayers for Common Sense on the Senate decision to...
PDF Description: As the Senate brings their energy policy legislation to the floor this week, it is clear that their bill is as filled with...
Washington, D.C. - The General Accounting Office (GAO), the investigative arm of Congress, has alerted the Bonneville Power Administration...
Washington, D.C. -- The House of Representatives today passed a new energy bill loaded with billions of special interest provisions and...
Dear Representative,
Taxpayers for Common Sense Action (TCS Action), a non-partisan, budget watchdog group, strongly opposes the "Energy...
Dear Energy and Commerce Committee Member,
Taxpayers for Common Sense Action (TCS Action), a non-partisan, budget watchdog group, strongly...
Dear Finance Committee Member:
Taxpayers for Common Sense Action (TCS Action), a non-partisan budget watchdog group, has major concerns...
PDF Description: The current 768 page, 5 inch thick energy legislation is fueled by pork and will do very little to reduce energy prices or...
Washington, D.C. - The following is a written statement by Autumn Hanna, Senior Policy Analyst at Taxpayers for Common Sense, a national...
WASHINGTON, DC-Government subsidies to oil, coal and nuclear power industries could double if the Senate passes the House energy bill (H.R....
Using a controversial interpretation of a federal repayment credit provided to Bonneville Power to restore endangered salmon, the...
Investigation Reveals Weaknesses in Federal Firefighting
Funding for Wildfire Management Could be Wasted, Misused, Says...
Washington, D.C. - An energy bill about to be debated in Congress would do nothing to solve America's energy woes and would dish out more...
Last night Congress struck down the $2.5 Auburn Dam project for the fifth time in a decade through a major bi-partisan effort.
The Auburn...
Taxpayers for Common Sense would like to applaud Congressman Tancredo for his leadership and defense of taxpayers in introducing this bill...
Letter from EPA Administrator Whitman to California Governor denying their request for a waiver from the oxygen content requirement of the...
Analysis of Bush Administration’s energy task force report released on May 17, 2001, by Cena Swisher, Program Director. Taxpayers for...
Subsidies for oil and natural gas began in 1916 with the federal government creating its first tax breaks for oil and gas production....
There is a long tradition of providing massive subsidies for nuclear power in the U.S. Between 1948 and 1998; more than $66 billion was...
Our weekly reality-check for federal spending. View All
While Washington is wringing its hands about the automatic across-the-board budget cuts known as...
December 17, 2012
November 29, 2012