We don't hear from them regarding the subsidies paid out for politically favored renewable energy programs, even though the supposedly green sources are dining sumptuously on taxpayers' dollars.
From 2016 to 2022, "Energy-specific subsidies and support" totaled $183.3 billion, according to a U.S. Energy Information Administration report.
The EIA says that over that period, "Nearly half of federal energy subsidies were associated with renewable energy," with "Federal support for renewable energy of all types" more than doubling, from $7.4 billion in fiscal 2016 to $15.6 billion in fiscal 2022.
"For years Democrats have claimed technologies like solar energy are cheaper than coal, oil, natural gas, and nuclear. This report makes clear that solar is largely dependent on heavy subsidies with taxpayer dollars," Senate Energy and Natural Resources Committee Ranking Member John Barrasso, R-Wyo., told Fox earlier this week.
Because they are the darlings of the ruling class, Washington lavishes dollars on green energy companies, such as Solyndra, the $500 million solar panel wreck.
Economist Stephen Moore says that "Over the last 30 or so years, the renewable energy industry has received well over $100 billion in federal, state and local handouts." He wrote that in 2019, before the Democrats' Inflation Reduction Act began delivering "Funding, programs, and incentives to accelerate the transition to a clean energy economy," and the White House restarted the "Obama-era green energy loan program that funded Solyndra and cost taxpayers billions."
Featured green energy subsidies oil gas subsidies renewable energy subsidies Solyndra.
https://issuesinsights.com/2023/10/06/the-green-energy-subsidy-lie/
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