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September 22, 2009

Study: US Gave $72 Billion in Fossil Fuel Subsidies Since 2002
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A new study has found the US government has delivered more than twice as
many federal dollars to subsidize fossil fuels such as oil, coal and
natural gas since 2002 than for renewable energy programs. Between 2002
and 2008, the federal government gave $72 billion in subsidies to fossil
fuels through research initiatives, tax incentives and other programs.
At the same time, government spending on traditional renewable energy
sources such as wind and solar totaled just $12 billion. Another $17
billion went to ethanol made from corn.



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