United States

Too Big to Ignore: Subsidies to Fossil Fuel Master Limited Partnerships

Special legislative provisions have allowed a select group of industries to operate as tax-favored publicly-traded partnerships (PTPs) more than 25 years after Congress stripped eligibility for most sectors of the economy. These firms, organized as Master Limited Partnerships (MLPs), are heavily concentrated in the oil and gas industry. Selective access to valuable tax preferences distorts energy markets and creates impediments for substitute, non-fossil, forms of power, heating, and transport fuels.

Inventory of estimated budgetary support and tax expenditures for fossil fuels

For the first time ever, the OECD has compiled an inventory of over 250 measures that support fossil-fuel production or use in 24 industrialised countries, which together account for 95% of energy supply in OECD countries. Those measures had an overall value of about USD 45-75 billion a year between 2005 and 2010.  In absolute terms, nearly half of this amount benefitted petroleum products (i.e.

Tax and royalty-related subsidies to oil extraction from high cost fields: A study of Brazil, Canada, Mexico, United Kingdom and the United States

Discussion of fiscal regimes for oil extraction have traditionally focused on the total charges of all sorts levied on a project (the "total government take"), and whether their level and structure optimised oil production and public revenues.  Yet national, or global, policies to meet energy and environmental goals need to maximize benefits across complex energy and economic systems, not just specific projects.  This study argues that there is a need to reframe the debate on how fiscal regimes - notably tax and royalties - to fossil-fuel extraction are evaluated.  It further argues that su

Subsidies to Nuclear and Biofuels Among the Most Costly Carbon Abatement Strategies.

Provides subsidy cost per mt CO2eq abated via goverment supports to biofuels (including cellulosic) and nuclear energy.  Integrating data from McKinsey & Co. on abatement options, demonstrates subsidies comprise the least efficient options for addressing climate change. Prepared for Greenpeace Solutions.  (June 2008).

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