...the fossil-fuel industries are lobbying Congress hard to block any legislation that would impose federal standards for renewable energy or diminish their special status. This includes $5.5 billion each year in tax breaks and discounted royalty payments as a result of $200 million in lobbying and political contributions. By contrast, the clean-energy lobby, which includes wind and solar, spent $30.7 million in 2010.One-third of the growth in renewable energy in recent years has been in wind power. Solar has also grown quickly, but it is still relatively expensive in the face of cheap coal. In any case, it would appear that even modest lobbying can be effective if the audience is receptive to the requests. Perhaps the fossil fuel industry spends so much because most politicians realize that the subsidies are bad policy.
Visit this blog's homepage.
For 140 character IR and foreign policy talk, follow me on twitter.
Or for basketball, baseball, movies or other stuff, follow this personal twitter account.