This Year It Is Fossil Fuels Turn To Receive The Majority Of DOE Funding


The renewable energy and energy efficiency sectors received most of the US federal government’s $24 billion in energy subsidies last year, but fossil fuels will win out this year as several key tax breaks for renewables have expired. Preferential tax treatment accounted for $20.5 billion, or about 85%, of federal support for developing and producing fuel and energy technologies in 2011, while Department of Energy (DOE) spending programmes comprised nearly $3.5 billion, or 15%, according to a report by the non-partisan Congressional Budget…

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