Fossil Fuel Subsidies Quotes

Subsidies for the oil, gas and coal industries are projected to cost taxpayers more than $135 billion in the coming decade. At a time when scientists tell us we need to reduce carbon pollution to prevent catastrophic climate change, it is absurd to provide massive subsidies that pad fossil-fuel companies' already enormous profits.

Coal and oil lobbyists added fossil fuels to a bill aimed at helping American manufacturers, so they too could claim 'manufacturing' tax deductions.

... the rising costs and risks of these fossil fuels are undercutting the security and prosperity they have enabled. Each day, the United States spends about $2 billion buying oil and loses another $4 billion indirectly to the macroeconomic costs of oil dependence, the microeconomic costs of oil price volatility, and the cost of keeping military forces ready for intervention in the Persian Gulf.

You can't turn on your television without seeing these advertisements about clean coal, clean tar sands and the claim that there's more jobs associated with fossil fuels than other industries. That's of course not true. But they're hammering that into the voters' heads.

What's interesting is there are $12 billion of breaks in the energy bill that passed, yet we see that the sixth major oil companies in America last year made $1.1 trillion.

Many governments are giving subsidies to fossil fuel production and consumption that encourage greenhouse gas emissions, at the same time as they are spending on projects to promote clean energy. This is a wasteful use of scarce budget resources.

We need to reduce our dependence on foreign oil by ending the subsidies for oil companies, and doubling down on clean energy that generates jobs and strengthens our security.

Every candidate running for president has got to answer the following very simple question: At a time when we need to address the planetary crisis of climate change, and transform our energy system away from fossil fuels and into energy efficiency and sustainability, should we continue to give $135 billion in tax breaks and subsidies over the next decade to fossil fuel companies?

Renewable energy fits well into the conservative mindset by allowing competition into the energy markets so that consumers have choice. The system as it is, with big utilities monopolizing the energy playing field or fossil fuel energy being given massive subsidies so that they are on a kind of corporate welfare, is the antithesis of conservative principles.

Politicians can either keep listening to a small number of polluting fossil fuel companies, who're keen to profit from keeping us hooked on oil, coal and gas, or they can listen to the majority of other voices from civil society to business calling for an urgent switch to low and zero carbon heat and power.

The high prices also highlight the fact that the U.S. is too heavily dependent on fossil fuels that we import from unstable parts of the world. To protect our national security, we must become more energy secure.

The downsides of fossil fuels, notably their geopolitical and environmental risks, are not fully reflected in their market prices.

The pro-American policy is the one that forces oil prices down. The way to do this is to flood the world market with liquid fuel from every source possible.

Most climate debates have focused on cutting the use of fossil fuels. But besides a few high-profile scuffles over fuel extraction in vulnerable wild places like the offshore Arctic, political leaders have ignored fossil fuel production as a necessary piece of climate strategy.

Even if every major government were to slap huge taxes on carbon fuels - which is not going to happen - it wouldn't do much to halt climate change any time soon. What it would do is cost us hundreds of billions - if not trillions - of dollars, because alternative energy technologies are not yet ready to take up the slack.

Just 8% of the $409bn spent on fossil-fuel subsidies in 2010 went to the poorest 20% of the population.

Getting past the influence of the fossil fuel industry will take courage, especially on the part of the Republican majority whom they so relentlessly bully and cajole. But we must do it.

The Bush administration and Congressional Republicans have failed to bring up comprehensive energy reform or any piece of legislation for that matter that would lower gas prices, opting instead to give massive subsidies to the oil and gas industry.

Other thing we need to understand is that the financial power of the fossil fuel industry has so far prevented even any minor progress. They have a sweetheart deal unlike any other business on Earth: they're allowed to dispose of their waste for free, to use the atmosphere as an open sewer. And they will do all they can to defend that special privilege.

The biggest tab the public picks up for fossil fuels has to do with what economists call 'external costs,' like the health effects of air and water pollution.

Incredibly, oil and gas companies don't have to pay certain environmental costs that amount to small change to them, while an offshore wind project start-up is faced with fees that could mean the difference between building a wind farm and packing up and going home.

The United States must recognize that access to reliable and affordable energy is the basis for economic expansion - and global competitiveness. And the nation must move from discouraging fossil fuel development - which is largely our approach today - to enabling it. We need all forms of energy to keep our economy strong.

Fossil fuel subsidies are a hand brake as we drive along the road to a sustainable energy future.

Energy markets can be thought of as suffering from appendicitis due to fossil fuel subsidies. They need to be removed for a healthy energy economy.

We've subsidized oil companies for a century. That's long enough. It's time to end the taxpayer giveaways to an industry that rarely has been more profitable, and double-down on a clean energy industry that never has been more promising. Pass clean energy tax credits. Create these jobs.