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Sunday, March 18, 2012

Subsidies for Various Energies


Energy subsidy showdown: Fossil fuels, nuclear, biofuels vs. renewables

By | September 23, 2011, 10:36 AM PDT
Renewable energy has snagged just a fraction of the federal subsidies that fossil fuels and nuclear received when they were emerging technologies, according to a new report from venture capital firm DBL Investors.
The report probably isn’t surprising to renewable energy backers who have long argued that subsidies for fossil fuels make it impossible to compete. And it’s unlikely to settle the debate over ending subsidies for the oil and gas industry. But it does provide a valuable historical view of each energy source and helps explain why they’re so dominant today (check out the charts below).

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