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Politics : Formerly About Advanced Micro Devices

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To: Brumar89 who wrote (923952)3/1/2016 7:50:27 PM
From: Wharf Rat  Read Replies (4) of 1577586
 
Taxpayers should stop subsidizing fossil fuels.

Musk to Koch brothers: Fossil fuels are subsidized too


By Claudia Assis
Published: Feb 20, 2016 8:22 a.m. ET

...In his second tweet, Musk linked to a news report citing an International Monetary Fund working paper on energy subsidies released in May.

That paper estimated post-tax oil, gas, and coal consumer and industry subsidies of $5.3 trillion in 2015 globally. The most recent report looking at U.S. trends, conducted by the Energy Information Administration, found a decline in overall energy subsidies in recent years, as increases in subsidies in renewables were offset by the phasing out of subsidies for ethanol and other renewable liquid fuels.

marketwatch.com
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