Comment Re:The fossil fuel "subsidies" are a lie. (Score 1) 343
The IMF opinion is indeed nonsensical, but fossil fuels are subsidized.
In 2009:
Tenaska's Taylorville Energy Center – loan coverage $2.6 billion for a 730 MW coal-fired IGCC with CCS.
Leucadia's Indiana Gasification SNG project – loan coverage of $1.6 billion to produce Substitute Natural Gas (syngas) from coal for sale to customers in Indiana, with proposed carbon capture for enhanced oil recovery.
Leucadia's Mississippi Gasification SNG project – loan coverage of $1.689 billion to produce syngas from petroleum coke feedstock, for sale to electric utilities in the region, with proposed carbon capture for enhanced oil recovery.
Subsidies identical to the type received by Tesla and Solyndra both.
In July 2013, the US Department of Energy made available $8 billion in loan guarantees to the fossil fuel industry, again, the identical type of subsidy received by Tesla. For an industry that has been recording record profits for the past 6 years.
So either stop claiming Solyndra received a subsidy or stop claiming fossil fuel industries don't receive any. You can't have it both ways.