The vast majority of federal subsidies for fossil fuels and renewable energy supported energy sources that emit high levels of greenhouse gases when used as fuel. Fossil fuels (left) garner far greater subsidies than renewables, to the tune of $72 billion over the study period ('02-08). Renewable fuels, meanwhile, saw just $29 billion over the [...]
Tag Archives: politics
China is investing $100 billion in high-speed rail this year. How much is the US spending?
via photoblog.msnbc.msn.com In 2010, the US will spend over $660 billion on military operations. Meanwhile, it took a once-in-a-lifetime depression and stimulus bill to get the US to pony up a mere $8 billion for high speed rail. Mind you, that money is not even going to be spent in one year. In fact [...]