Nov 4, 2025 (Clean Technica) – The SEIA points out that fossil fuels have always enjoyed massive subsidies from state and federal governments. It claims that, according to the Fossil Fuel Subsidy Tracker, fossil fuels received over $16 billion in subsidies in 2023. Oil Change International says the fossil fuel industries pocketed $30 billion in 2024. Does that sound like a level playing field to you?
These subsidies are obscured deep in the tax code, SEIA says. They make it possible for fossil fuel companies to deduct the value of drilling costs from their taxes, which Taxpayers for Common Sense says disproportionately benefits the fossil fuel companies by allowing them to avoid the capitalization rules applying to other taxpayers. Again, does that sound like a level playing field to you?
While Congress was taking a sledgehammer to tax credits for clean energy, it added a new tax credit for metallurgical coal.
