Betsy Spomer claims in a recent op-ed to want to earn our trust through “vigorous public discussion” and to demonstrate that her company, Jordan Cove Energy Partners, is a “responsible corporate neighbor”. This is an incongruous statement from the CEO of a company that just a few short months ago spent almost $700K, almost twenty […]
Published on Monday, May 18, 2015 by Common Dreams by Nadia Prupis, staff writer The fossil fuel industry receives $5.3 trillion a year in government subsidies, despite its disastrous toll on the environment, human health, and other global inequality issues, a new report by the International Monetary Fund (IMF) published Monday has found. That means that governments worldwide are […]
Governments are ‘subsidizing the very activities that are pushing the world towards dangerous climate change,’ states new report
Americans paid seventy two times more to subsidize fossil fuels in the last five years than solar. If solar (and presumably wind) had received the same taxpayer investment, renewable energy would be cheaper than coal said to be peaking within twenty years. Imagine if the average ratepayer, instead of importing power and exporting dollars, kept his energy dollars local and used that extra money to buy local foods and products.