In the midst of a hurricane season that shows just how expensive inaction on climate change can be, two new reports highlight how massive taxpayer-funded subsidies for fossil fuel companies are propping up an industry that refuses to take responsibility for the destructive and costly chaos it has played an enormous role in creating. A
Report: Without Taxpayer Subsidies, Fossil Fuel Companies Would Fail
A new report found that industry subsidies cost U.S. taxpayers more than $20 billion each year, $14.7 billion at the federal level and $5.8 billion at the state level.