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Industries are Grappling With New Bill on Climate

May 20, 2009 By Charles Komanoff

Industries are Grappling With New Bill on Climate (WSJ)

Filed Under: Prices Matter

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Quote of Note

The hue and cry over fossil fuel subsidies in the US is a tempest in a teapot, more a political symbol than a real source of revenue or decarbonization. The big fossil fuel subsidies are the externalities.”

Commentator David Roberts, in Biden’s tax plan goes after the little fossil fuel subsidies, but not the big ones. (Direct subsidies don’t amount to much.), April 9.

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