Navigation Links
US tax breaks subsidize foreign oil production
Date:9/18/2009

ol Hill, our research suggests that more attention needs to be given to the existing perverse incentives for 'dirty' fuels in the U.S. Tax Code."

The subsidies examined fall roughly into two categories: (1) foregone revenues (changes to the tax code to reduce the tax liabilities of particular entities), mostly in the form of tax breaks, and including reported lost government take from offshore leasing of oil and gas fields; and (2) direct spending, in the form of expenditures on research and development and other programs. Subsidies attributed to the Foreign Tax Credit totaled $15.3 billion, with those for the next-largest fossil fuel subsidy, the Credit for Production of Nonconventional Fuels, totaling $14.1 billion. The Foreign Tax Credit applies to the overseas production of oil through an obscure provision of the U.S. Tax Code, which allows energy companies to claim a tax credit for payments that would normally receive less-beneficial treatment under the tax code.

ELI researchers applied the conventional definitions of fossil fuels and renewable energy. Fossil fuels include petroleum and its byproducts, natural gas, and coal products, while renewable fuels include wind, solar, biofuels and biomass, hydropower, and geothermal energy production. A graphic chart that will be released on Friday presents general conclusions about the overall subsidies for fossil fuels versus renewables other than corn-derived ethanol. Nuclear energy, which also falls outside the operating definition of fossil and renewable fuels, was not included.


'/>"/>

Contact: Brett Kitchen
202-939-3833
Project on Emerging Nanotechnologies
Source:Eurekalert

0

GOOD

Page: 1 2

Related biology news :

1. Fowl soil additive breaks down crude oil
2. Hidden infections crucial to understanding, controlling disease outbreaks
3. Book breaks new ground in the study of economics and forest threats management
4. Scientists use remote satellite imaging to predict outbreaks of infectious disease
5. Lab study shows methadone breaks resistance in untreatable forms of leukemia
6. Fishing ban guards coral reefs against predatory starfish outbreaks
7. Fungi the cause of many outbreaks of disease but mostly ignored
8. NASA technology helps predict and prevent future pandemic outbreaks
9. Advice to the new administration: UM foreign and domestic policy guide
10. A common aquatic animals genome can capture foreign DNA
11. Composted dairy manure in foliage plant production
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/16/2009)... 4 billion years before humans showed up, and they,ll ... suggests they may have something to teach us. , ... Eshel Ben-Jacob of the Raymond and Beverly Sackler School ... bacteria, presents compelling evidence to suggest there may be ... for the swine flu H1N1 shot. , In research ...
(Date:12/16/2009)... GestureTek Inc. today announced the launch of ... portable, plug and play interactive projection display ... promotions. GestureTek is the inventor and holder ... recognition technology for interactive display, presentation and ... CUBE has TUV, CE, CSA and EMI ...
(Date:12/16/2009)... Inc. is pleased to announce it has acquired ... operating as IgeaCare Systems Inc. The newly formed ... leadership and funding. ,, IgeaCare Solutions Inc. has ... Chief Executive Officer. Under his direction, the new ... and support model; fast and accurate delivery times; ...
Breaking Biology News(10 mins):Bacteria wouldn't opt for a swine flu shot 2Bacteria wouldn't opt for a swine flu shot 3GestureTek Unveils The CUBE V3 Portable, Plug and Play Interactive Projection Display System for Advertising and Exhibits 2GestureTek Unveils The CUBE V3 Portable, Plug and Play Interactive Projection Display System for Advertising and Exhibits 3IgeaCare Solutions Inc. Emerges Under New Leadership and Funding 2Facet Solutions Acquires Archus Orthopedics 6054 1Facet Solutions Acquires Archus Orthopedics 6054 2Statement by Don Spence CEO Philips Home Healthcare Solutions Endorsing CDC Educational Initiatives to Raise Awareness of Sleep Deprivation 6050 1Statement by Don Spence CEO Philips Home Healthcare Solutions Endorsing CDC Educational Initiatives to Raise Awareness of Sleep Deprivation 6050 2Chimerix Updates the World Health Organization and the Global Health Security Initiative on Development of CMX001 as a Broad Spectrum Therapeutic for 6046 1Chimerix Updates the World Health Organization and the Global Health Security Initiative on Development of CMX001 as a Broad Spectrum Therapeutic for 6046 2Chimerix Updates the World Health Organization and the Global Health Security Initiative on Development of CMX001 as a Broad Spectrum Therapeutic for 6046 3
... meeting of the United Nations Forum on Forests, now ... the world's forests or, some environmentalists worry, merely an ... U.S. delegation to the U.N. forum is international environmental ... the two-week negotiation will conclude with one or more ...
... of skin cancer very resistant to treatment. Researchers at H. ... of South Florida are testing a promising new therapy that ... melanoma tumors. , "This is a milestone clinical trial because ... to deliver plasmid DNA in a gene therapy study in ...
... first synthesis of QS-21A, a medicinally important molecule that ... chemists at the University of Illinois at Urbana-Champaign. , ... improve the body's immune response in vaccine therapies against ... cancer, prostate cancer, HIV-1 and malaria. An extract from ...
Other Biology News:U.N. mulls the protection of Earth's forests 2Researchers test new therapy for advanced melanoma 2
(Date:12/17/2009)... Club, the Daveys, the GLOBALS, ,and PM360 Pharma Choice Awards ... ... 2009 -- Chicago-based full-service healthcare communications agency Goble & Associates, ... programs honoring exceptional creative and interactive work. , , ,THE ... 9 Awards of Excellence for the following creative work: Hospira ...
(Date:12/16/2009)... the University of East Anglia (UEA) could contribute to ... waste to generate clean electricity. , Published today by ... Academy of Sciences (PNAS), the researchers have demonstrated ... bacteria survive by ,breathing rocks,. , The findings could ... microbe-based technologies such as fuel cells, or ,bio-batteries, powered ...
(Date:12/16/2009)... 16 WaferGen Biosystems, Inc. (OTC Bulletin ... analysis systems, today announced that it will be ... service for gene-expression profiling using its SmartChip(TM) Real-Time ... the most comprehensive human microRNA panel of 885 ... SmartChip service offers customers the use of its ...
(Date:12/16/2009)... WALTHAM, Mass., Dec. 16 Decision Resources, ... firms for pharmaceutical and healthcare issues, finds that, ... Biotech/Janssen-Cilag,s Stelara and Abbott,s briakinumab (both interleukin inhibitors) ... in 2012 in the drug market for moderate ... will experience greater uptake, capturing nearly three times ...
Breaking Biology Technology:Goble & Associates Creative Work Awarded at Advertising Industry Competitions 2Goble & Associates Creative Work Awarded at Advertising Industry Competitions 3Goble & Associates Creative Work Awarded at Advertising Industry Competitions 4'Rock-breathing' bacteria could generate electricity and clean up oil spills 2WaferGen to Launch Human MicroRNA Panel for Gene-Expression Profiling of 885 MicroRNA for Its Service Using the SmartChip(TM) Real-Time PCR System 2WaferGen to Launch Human MicroRNA Panel for Gene-Expression Profiling of 885 MicroRNA for Its Service Using the SmartChip(TM) Real-Time PCR System 3WaferGen to Launch Human MicroRNA Panel for Gene-Expression Profiling of 885 MicroRNA for Its Service Using the SmartChip(TM) Real-Time PCR System 4In 2012, Stelara and Briakinumab Will Capture 22 Percent of the Biologics Share in the Moderate to Severe Psoriasis Drug Market 2In 2012, Stelara and Briakinumab Will Capture 22 Percent of the Biologics Share in the Moderate to Severe Psoriasis Drug Market 3
... Stallergenes S.A. and,Solvay Pharmaceuticals Marketing and Licensing ... an exclusive partnership agreement for the,promotion and distribution ... the Commonwealth of Independent States (CIS). , ... allergy sufferers and a strong demand on the,part ...
... NEEDHAM, Mass., March 24 Industry sources estimate ... annually for energy costs alone. Hospital administrators planning ... escalation of such costs for the foreseeable future. ... Leadership in Energy and Environmental Design (LEED) criteria ...
... Month, Urging People Across the Country to Take Action ... AZN ) today announced the launch of ... Explorer -- a state-of-the-art, multisensory, motion simulator that helps ... inside the arteries. The Artery Explorer kicks off its ...
Other Biology Technology:Stallergenes Signs an Exclusive Partnership Agreement With Solvay Pharmaceuticals for the Promotion and Distribution of its Products in Russia and the CIS* 2Stallergenes Signs an Exclusive Partnership Agreement With Solvay Pharmaceuticals for the Promotion and Distribution of its Products in Russia and the CIS* 3White Paper Shows How to LEED the Way With Green Design 2AstraZeneca Calls on All Americans to Join US AGAINST ATHERO to Fight the Nation's Number One Killer 2AstraZeneca Calls on All Americans to Join US AGAINST ATHERO to Fight the Nation's Number One Killer 3AstraZeneca Calls on All Americans to Join US AGAINST ATHERO to Fight the Nation's Number One Killer 4
... Peptide-Protein Conjugation, ... Bridges, Complex Peptides/Peptidomimetics, Special ... Phosphorylated/Biotinylated Structures, Peptide labeling AMC, ... -99%, fitting your needs, Chromogenic/Flurogenic ...
Request Info...
4-Hydroxy-3-nitrophenylacetyl hapten is conjugated to KLH (Keyhole Limpet Hemocyanin) lysine through amide bonds....
4-Hydroxy-3-nitrophenylacetyl hapten is conjugated to SSA (Sheep serum albumin) lysine through amide bonds. This product is homologous to NP-BSA....
Biology Products: