How much are we paying for fossil fuels? Per Canadian conservative paper

[poopfuel]

"Many National Post readers are committed to the free-market system. They'll be surprised then, to learn then that oil and gas is subsidized by taxpayers to the tune of $250-billion a year worldwide.

Doug Koplow, an expert who studies oil and gas subsidies, points out that financial support comes in many forms: consumption subsidies, tax breaks, loans and loan guarantees, required purchase of particular energy commodities, funding research and development, and reducing risk by government assuming liability or providing insurance.

And it's happening right here, too: Canadian taxpayers subsidize oil and gas interests by $1.4-billion a year. Export Development Canada supported $13.2-billion of overseas oil and gas projects. Public subsidies make up 5% of oil profits."

http://www.leaderpost.com/business/story.html?id=2314467

[kristopher]

1. Subsidies are only the tip of the iceberg.

The external costs are in the trillions.

[poopfuel]

2. No kidding! N/t