Jul 28, 2014
Sorry, I almost forgot you asked. As far as tax code is concerned renewables receive about 25 times the amount that all fossil fuels receive per unit of energy produced. You can find that info at http://www.eia.gov/. But let’s just look at tax breaks regardless of energy produced, renewable energy receives around $14 billion in tax breaks each year while oil and gas receives about $2.7 billion and coal about $1.3 billion. And don’t forget tax revenue to the government is about $80 billion a year from Exxon, Chevron and Shell alone.
As far as direct payments and government loans and guarantees, true subsidies, that’s still being added up as the Solyndra’s and Fisker’s and A123 Batteries bankruptcies continue but it’s well into the multi-billions. And don’t forget the $1.5 billion government grant to Ivanpah Solar farm.
Hope that clarifies things for you. Oh, I’m curious, what are the “trillions in fringe benefits” you ask about?
Make it a great day!