Worldwide, Fossil Fuels Get 12 Times the Subsidies as Clean Energy

A consensus seems to be growing that since comprehensive energy reform is now a long ways off in the US, the least we can do is get rid of subsidies and handouts for fossil fuel companies. And this new report from the USC Marshall School of Business illustrates why: Worldwide, fossil fuels receive a staggering 12 times the amount in subsidies that clean energy does.

It's no wonder growth in the clean energy sector here in the US is so stunted -- fossil fuels are a much safer bet. Here in the US, the government still gives tens of billions of dollars in subsidies to oil companies every year. And elsewhere, there's much heavier state support.

Worldwide, Fossil Fuels Get 12 Times the Subsidies as Clean Energy : TreeHugger