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Capping the Well

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Obama moves to put a lid on oil and gas subsidies.

As he discussed in the State of the Union address, President Obama intends to cut subsidies of oil and gas companies already making money hand over fist. In the new budget, set for release sometime this month, Obama calls for a $36.5 billion dollar reduction in subsidies and tax breaks for oil and gas companies, alongside substantial increases in funding for solar, wind, and geothermal energy......read more

Spain Slashes Subsidies for Renewables

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With bleak European prospects, clean energy companies focus on other markets

With Spain in the midst of an economic meltdown, the Spanish government has cut off aid to the domestic renewable energy industry -- once the most heavily subsidized in Europe. Faced with an empty trough, Spanish clean energy companies are responding by seeking out projects abroad.  As Todd Woody mentions at Forbes, the Spanish renewable energy giant Abengoa is making 90% of its capital......read more

End Fossil Fuel Subsidies Today

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With the Rio Earth Summit in full swing, Robert Redford explains why we need to stop giving public money to dirty energy companies

Every year, around the world, almost one trillion dollars of subsidies is handed out to help the fossil fuel industry. Who came up with the crazy idea that the fossil fuel industry deserves our hard-earned money, no less in economic times of such harsh human consequence? We fire teachers, police and firemen in drastic budget cuts and yet, the fossil fuel industry can laugh all the way to the bank......read more

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