Changes

Jump to navigation Jump to search

Federal coal subsidies

10 bytes added, 14:16, 20 April 2010
{{#badges: CoalSwarm}} '''Federal coal subsidies''' are forms of financial assistance paid by federal taxpayers to the coal and power industry. Such subsidies include direct spending, tax breaks and exemptions, low-interest loans, loan guarantees, loan forgiveness, grants, lost government revenue such as discounted royalty fees to mine federal lands, and federally-subsidized external costs, such as health care expenses and environmental clean-up due to the negative effects of coal use, as well as the loss or degradation of valuable ecosystem and community services.
==Government Funding and Loans for Coal Plants==
A 2010 report by Synapse Energy Economics, [http://www.sierraclub.org/coal/downloads/2010-04-13-FedCoalReport.pdf "Phasing Out Federal Subsidies for Coal"] found the U.S. federal government continues to provide billions of dollars in subsidies for the coal industry, despite stated calls by the executive and legislative branches to reduce [[Greenhouse gases omitted from the Kyoto Protocol|greenhouse gas]] emissions. The report was written by Lucy Johnston (Synapse Energy Economics), Lisa Hamilton (Rockefeller Family Fund), Mark Kresowik ([[Sierra Club]]), Tom Sanzillo (TR Rose Associates), and David Schlissel (Schlissel Technical Consulting) and was released on April 13, 2010.
20,555

edits

Navigation menu