Showing posts with label subsidies. Show all posts
Showing posts with label subsidies. Show all posts

Thursday, July 4, 2013

Independence Day 2013: Declaration of Freedom from Fossil Fuels

Two hundred and thirty seven years ago, US colonies freed themselves from the injustice of British rule, now America needs to free itself from the injustice of fossil fuels. The United States' Declaration of Independence is a statement adopted by the Continental Congress on July 4, 1776. On that day, thirteen American colonies proclaimed their freedom from Great Britain. On the fourth of July 2013, America needs to start thinking seriously about a declaration of freedom from fossil fuels.

A few years after the American revolution, the industrial revolution dawned, beginning America's meteoric rise to global dominance. However, fossil fuels are the engine that drove this growth and they are also the leading cause of climate change.

Friday, May 3, 2013

Guide to Government Incentives for Green Commercial Trucks

There are numerous benefits for utilizing fuel efficient commercial trucks. In addition to being better for the environment, fuel-efficient trucks boosts your company image and positively impacts your bottom line.

While these vehicles are more expensive than their less-efficient counterparts, the U.S. government has set up incentive programs to provide loans, offset costs and offer tax credits and exceptions to help companies outfit their transportation operations with green fleets.

At the federal, regional and state level, there are five types of incentives for those that purchase new commercial vehicles or upgrade in fuel-saving trucking equipment:

Thursday, March 28, 2013

Republicans Oppose the PTC but Support Oil Subsidies

It is not surprising that many Republicans who oppose the Production Tax Credit (PTC) for renewable energy, support fossil fuel subsidies. Although the PTC was extended through 2013, some Republicans have vowed to continue their push to kill it. Conservatives are well known for their love of free markets and distrust of government subsidies, unless of course it involves fossil fuels. Some Republicans in Congress have made it clear that they will seek amendments that erode the PTC.

Republicans including the 2012 presidential nominee Mitt Romney, wanted to let the PTC expire. Romney and other Republicans who oppose the PTC say it costs too much and props up businesses with government subsidies.

Romney spokesman Ryan Williams said in an email that Romney "believes the government should stop playing venture capitalist and doling out open-ended subsidies, and instead encourage private sector innovation and market competition.” This is part of the same conservative philosophy that advocates for unbridled free markets and supports deregulation.

A Condensed History of the Production Tax Credit (PTC)

After 20 years and many extensions, the federal Production Tax Credit (PTC) expired at the end of 2012, but then miraculously it was once again resurrected in an eleventh hour addendum to the fiscal cliff deal. On Jan. 1, 2013, the final vote of the 112th Congress secured the extension of the PTC. Although 60+ tax provisions were due to expire the last minute deal granted the PTC a stay of execution.

In the final hours of the fiscal cliff negotiations, a provision in the American Taxpayer Relief Act (P.L. 112-240) added a $12 billion, one year extension of the PTC. The $12 billion figure ($12.1 billion to be exact) was estimated by the Congressional Joint Committee on Taxation. Just before 2 A.M. on New Year’s Day 2013, the Senate overwhelming voted in favor of the deal (89-8).

Tuesday, August 28, 2012

Fossil Fuels are the Most Hated Industry in the US

Americans may not like government, but according to a new poll, they hate the oil and gas industry most of all. A new Gallup poll asked thousands of Americans how they feel about 25 of the nation's largest industries -- positive, neutral or negative. A total of 61 percent of those polled gave the fossil fuel industry a negative rating

To rank the most hated industries, 24/7 Wall St. reviewed the 10 private sector industries with the most overall negative views among the 25 industries Gallup included in its annual Work and Education survey. They also reviewed the American Customer Satisfaction Index (ASCI), which employs a multiequation econometric model to score industries on a 0-100 scale.

Wednesday, July 4, 2012

Independence Day 2012: Declaration of Freedom from Fossil Fuels

Two hundred and thirty six years ago, the colonies freed themselves from the injustice of British rule, now America needs to free itself from the injustice of fossil fuels. The United States' Declaration of Independence is a statement adopted by the Continental Congress on July 4, 1776. On that day, thirteen American colonies proclaimed their freedom from Great Britain. On the fourth of July 2012, America needs a declaration of freedom from fossil fuels.

A few years after the American revolution, the industrial revolution dawned, beginning America's meteoric rise to global dominance. However, fossil fuels are the engine that drove this growth and they are also the leading cause of climate change.

Wednesday, June 20, 2012

Success of #EndFossilFuelSubsidies Twitter Storm Directed at Rio+20

On Monday June 18, climate change activists used Twitter to send a message to end fossil fuel subsidies that has echoed around the world. People all over the planet understand that it's simply wrong to be spending tax dollars off to the richest industry in the world, an industry that's wrecking the atmosphere and endangering our shared future. The 24-hour "Twitter storm" garnered the support of hundreds of thousands of people and was the top ranked tweet of the day. According to the Guardian this was the top trending topic in the  US and second place globally while Topsy.com reported that it was the #1 story in the world. Politicians have also joined the storm, with messages streaming in from Democratic Leader Nancy Pelosi in the US and former Prime Minister Helen Clark of New Zealand.

Tuesday, June 19, 2012

End One Trillion Dollars of Annual Fossil Fuel Subsidies

Although governments try to hide the exact amount, an analysis by Oil Change International indicates that global oil subsidies total at least $775 billion to as much as $1 trillion or more in 2012. Rather than pay for an industry that is destroying the planet and compromising the lives of all of its inhabitants, this money could be put to better use for renewable energy, education, hunger and poverty.

Monday, June 18, 2012

Rio+20: 350.org Campaign to End Fossil Fuel Subsidies

As people converge in Rio for the "Earth Summit," it is time to pressure world leaders to end fossil fuel subsidies. Ending Fossil Fuel Subsidies topped the UN Rio Dialogues online vote, but the official UN text still lacks clear commitments. That stalwart friend of the environment, 350.org is partnering with Avaaz to promote a massive social media storm designed to pressure world leaders to put an end to fossil fuel subsidies.

Thursday, April 12, 2012

Tell the G20 to End Fossil Fuel Subsidies Now

Our tax dollars are being used to subsidize massive oil companies that are making astronomical profits. Big Oil is not only responsible for climate change they are using their record-breaking profits on massive misinformation campaigns and political influence. A growing number of people are seeking to put an end to this $600 billion dollar a year travesty. One of those groups is Avaaz.org, they are organizing a protest against Big Oil when the G20 convenes in Washington and a petition to put an end to fossil fuel subsidies. The following is an excerpt of an Avaaz.org article and call to action called Paid to Pollute: