U.S. Joint Committee on Taxation 2019 & 2023; U.S. EIA; Congressional Budget Office Perhaps these claims are efforts to distract from massive renewable energy subsidies that are driving the “energy transition” from fossil fuels to renewables.
The amount of fossil fuel subsidies is very exaggerated.
It is common for advocates of renewable energy to complain about the subsidies given to fossil fuels.
Though the proportions vary based on the energy type, the vast majority of federal energy subsidies are in the form of tax expenditures, or tax credits.
We see all these things happening in the U.S. energy transition from fossil fuels to renewables.
Whitehouse claims the U.S. subsidies in 2022 alone were $20 billion.
Energy subsidies from the U.S. government come in three forms: tax expenditures, direct expenditures, and research and development expenditures.
https://wattsupwiththat.com/2024/08/29/energy-transition-its-a-federal-bribe-versus-consumer-demand/
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