Fossil-fuel firms receive US subsidies worth $31bn each year, study finds

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Full article at https://www.theguardian.com/us-news/2025/sep/12/environment-greenhouse-gas-reporting-end.

By Dharna Noor, The Guardian.

Excerpt: The US currently subsidizes the fossil-fuel industry to the tune of nearly $31bn per year, according to a new analysis. That figure, calculated by the environmental campaign group Oil Change International, has more than doubled since 2017. And it is likely a vast understatement, due to the difficulty of quantifying the financial gains from some government supports, and to a lack of transparency and reliable data from government sources, the group says. These handouts pose a massive barrier to decarbonization, says the new report, which experts have long warned is urgently necessary to avert the worst consequences of the climate crisis. ...Another major support measure is a tax credit for capturing carbon, which is often framed as a climate solution but is primarily used to extract hard-to-reach reserves in a practice known as enhanced oil recovery....

Full article at https://www.theguardian.com/environment/2025/sep/09/fossil-fuels-subisidies-study.

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