"As of July 2014, Oil Change International estimates the total value of U.S. subsidies to the fossil fuel industry at $37.5 billion annually, including international finance. This does not include military, health, climate, or local pollution costs. These subsidies have increased dramatically as U.S. oil and gas production has increased." Source:http://priceofoil.org/fossil-fuel-subsidies/
New houses should also be built to be super-insulated and renewable-energy capable.
http://grist.org/climate-energy/challenging-the-divine-right-of-big-energy/?utm_source=newsletter&utm_medium=email&utm_term=Daily%2520Dec%252029&utm_campaign=daily
Dec. 29, 2014, 5 p.m.
cascadian12
In addition, did you know that oil and gas companies are exempted from paying royalties on oil and gas extracted from federal public lands - oil and gas that belongs to all of us? Congress needs to repeal the oil company royalty exemption added to the Mineral Leasing Act of 1946 by industry lobbyists. According to a Taxpayers for Common Sense report, oil and gas companies have avoided paying over $380 million in royalties on the fuel they have extracted from federal lands in the past eight years. Again, this does not include the cost of environmental damage. In the future, this revenue should be collected and redirected to households in the same way as subsidies.
Jan. 11, 2015, 9:42 p.m.
cascadian12
Correction: That should be "Mineral Leasing Act in 1946" (not "of 1946").
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