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Eliminating Fossil Subsidies

MCLI Recommendation: “Congress should eliminate subsidies for coal producers as part of broader decarbonization policy.”

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9 resources

Resource Congress

Report, Effect of subsidies to fossil fuel companies on United States crude oil production

A 2017 study in Nature Energy finds that, at recent oil prices of $50 per barrel, tax subsidies push nearly half of new, yet-to-be-developed oil investments into profitability, potentially increasing ...
Model Law Congress

LPDD Model Law: Removal of Favorable Tax Treatment for Coal

The attached model bill and supporting memorandum propose amendments to the Internal Revenue Code to eliminate favorable treatment of coal mining and production, as recommended in Chapter 4 of the LPD...
Resource Congress

OECD report, United States Self-Review of Fossil Fuel Subsidies

The U.S.’s 2015 report to the OECD catalogs producer and consumer subsidies for fossil fuels and argues that fossil fuel subsidies in the U.S. amount to roughly $8.7 billion. These estimates are lower...
Resource Congress

Proposed Off Fossil Fuels for a Better Future Act (H.R. 3671)

2018’s proposed H.R. 3671 would have amended several sections of the Internal Revenue Code of 1986 to eliminate subsidies aimed specifically at the fossil fuel industry.
Resource Congress

Report, Dirty Energy Dominance

Oil Change International’s 2017 report, Dirty Energy Dominance, catalogs federal and state fossil fuel subsidies, and identifies opportunities to eliminate them. Appendix 1 provides a complete list of...
Resource Congress

Proposed Clean Energy for America Act (S. 1288)

Introduced in May 2019, S.1288 would amend the Internal Revenue Code to replace the 44 existing energy tax credits with three technology neutral tax provisions that would incentivize the use of low an...
Resource Congress

Report, Fossil Fuel Subsidies: A Closer Look at Tax Breaks and Societal Costs

EESI’s 2019 report, Fossil Fuel Subsidies: A Closer Look at Tax Breaks and Societal Costs, identifies eight different active direct and indirect fossil fuel subsidies in the tax code, as well as recen...
Resource Foreign

UNEP report, Measuring Fossil Fuel Subsidies in the Context of Sustainable Development Goals

A 2019 UNEP report, Measuring Fossil Fuel Subsidies in the Context of Sustainable Development Goals, details an internationally accepted methodology that will help countries make their fossil fuel sub...
Resource Congress

Report, Eliminating Fossil Fuel Subsidies

The Hamilton Project’s 2013 report, Eliminating Fossil Fuel Subsidies, identifies twelve provisions in the tax code that subsidize activities associated with the production of fossil fuels that impose...