Federal Energy Subsidies and Support Double between 1999 and 2007
(Tue, 8 Apr 2008) Total Federal energy-specific subsidies and support to all forms of energy are estimated to have reached $16.6 billion for fiscal year (FY) 2007, according to Federal Financial Interventions and Subsidies in Energy Markets 2007, released today by the Energy Information Administration (EIA).
This amount is more than double the level, in real terms (2007 dollars), of the estimated $8.0 billion shown in the last EIA report on subsidies completed in May 2000.
Tax expenditures, one of four types of subsidies examined in the report, have more than tripled since 1999, rising from $3.2 billion in 1999 to more than $10.4 billion in 2007.
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April 8th, 2008 | Category: External Articles
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