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    $1.2 Billion in Cash Goes to Energy Projects, Despite Sequestration

    Despite a fiscal cliff and sequestration worries, more than $1.2 billion in cash payments for energy projects (in lieu of tax credits) have been issued by the Department of Treasury and Department of Energy since January 1, according to documents from the U.S. Treasury. Through February 14, $1,254,769,726 was distributed … More

    DOE Sitting on Taxpayer Dollars Due to Negative Publicity

    Despite billions of dollars in unused loan authority remaining under the Department of Energy’s (DOE) Loan Programs Office, negative publicity surrounding the loan guarantee programs (which offer taxpayer dollars to government-approved companies) has tampered with applications, according to a new Government Accountability Office (GAO) report. More than $51 billion in … More

    Corporate Welfare for Energy Companies Should Have Gone Off the Cliff

    The fiscal cliff deal is not only preventing certain politically motivated energy tax policies from falling off the cliff, but it’s also resurrecting ones that have been dead and buried for a year. Lumped into the 157-page fiscal cliff bill are extensions of energy handouts that were originally scheduled to … More

    Time to Remove the Taxpayer Trough from Wind Producers

    The meal provided by the taxpayer is over. When pigs finish eating the slop that a farmer put in the trough, they’ll hang around the trough waiting for more food, but the farmer doesn’t cave. That meal is over, and the farmer promised no more food than what he put … More

    Green-Energy Projects Face Opposition From Green Groups

    “We need green energy. Just not here.” Do those words sound familiar? That’s quite often the case with so-called proponents of green energy. The acronym NIMBY (not in my back yard) should really be replaced with BANANA (build absolutely nothing anywhere near anything), according to Ryan Yonk, coauthor of a … More

    Changing the Definition of “All of the Above” Energy Policy

    The Heritage Foundation has been making the case against energy subsidies for years. This research eventually led to a letter written in March 2011 by our sister organization, Heritage Action for America, and signed by numerous other organizations calling for the dismantling of energy subsidies. Up until then, both Republicans … More

    Michigan’s Mandate for Pricier Energy

    If an energy technology has so much promise, why would you need a constitutional amendment to require its production? Energy consumers in Michigan should be asking this question. On the Michigan ballot this November is Proposal 3, or “25 x 25,” which sets out to amend the Michigan constitution to … More

    Morning Bell: Wind Energy Subsidies Are As Useful As VHS Tape Subsidies

    The wind production tax credit is set to expire at the end of this year, which has the industry crying out for continued subsidies. Heritage’s Nicolas Loris has made the case that the wind energy tax credit makes as much sense as a VHS production tax credit. Can you imagine … More

    Taxpayer-Backed Green Energy Firms Struggle, But Hike Executive Pay

    When insurance giant AIG paid lucrative bonuses to top executives after receiving federal support, President Obama asked, “How do they justify this outrage to the taxpayers who are keeping the company afloat?” But three years later, numerous green energy companies backed financially by the administration are paying out large salaries … More

    CBO Debunks Myth That Tax Code Favors Oil Over Renewables

    Environmental activists and liberal politicians are fond of bemoaning the supposedly disproportionate tax benefits that go to the fossil fuel industry compared to its renewable energy competitors. The president specifically has made “ending tax breaks for oil companies” a pillar of his paltry efforts to reduce the federal deficit. But … More