"The House Energy and Commerce Committee looks poised to vote on the Waxman-Markey American Clean Energy and Security (ACES) Act later today. As this bill has developed, from an already compromised draft bill through massive compromising to reach a bill submission to committee markups, it has reached the point as to whether it is more appropriately called the “Assuring Coal Energy Subsidies” Act.

* 25 percent directly to fossil-fuel companies and energy-intensive industries. (13% for energy-intensive trade-exposed industries, 5% for the fantasy of clean-coal, 5 percent for coal-plant operators, and 2 percent for oil refineries). This is direct subsidy for the continued use and burning of polluting energy.

* 52 percent indirect subsidies to the burning of fossil fuels through buffering commercial and residential customers from any cost increases due to carbon pricing (30 percent), providing funds to natural gas companies (6%), low-income rebates due to rising energy costs (15%), home-heating oil rebates (1 percent).

* 13 percent to energy efficiency and renewable energy including clean tech R&D (1.5%), deployment (5.5%), electric vehicles (1%), state and local energy efficiency (4%), and subsidizing international clean energy (1%)

* Other including reducing tropical deforestration (5 percent), international adaptation (1%), deficit reduction (2%), green jobs and transition training/assistance (.5%), domestic adaptation (2%))" Source http://getenergysmartnow.com/2009/05/21/a-coal-su…