Tired Of Government Subsidies Going To Green Energy?

Indeed, one issue under debate is the role some fossil fuel subsidies play in preventing energy poverty. While industrialized countries tend to subsidize production of fossil fuels, poor nations are apt to underwrite costs to guarantee heat and power to the citizenry. And even if the energy poverty issue is resolved don’t expect the reversal of fossil fuel subsidies to be easy.

Oil companies are well organised and their subsidies are not always highly visible, said GSI’s Kerryn Lang, who pegged US oil and gas industry spending on political lobbying at $175 million in 2009. John Kourtoff, President and Chief Executive Officer of Toronto-based Trillium Power Wind, recently lamented that the tangle of fossil fuel subsidies is so complex, even the US Department of Energy and the Federal Energy Regulatory Commission admit to finding it difficult to unweave. “So how is the average person going to figure it out?” said the offshore wind developer. “I’d be happy to beat anyone as long as everything is on the table”.

So next time you hear about stimulus money going to renewables just remember that 10x that amount is likely going to “dirty energy”

Invest in Solar today.

By: Nathan08

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