In the News It’s time to end wasteful fossil fuel subsidies
While we are trying to reduce emissions through new investments in climate-friendly technology, we must end subsidies for fossil fuels. Instead of working against the solution, we can use the $20 billion in fossil fuel subsidies to pay for the clean energy investments outlined in the reconciliation bill. Furthermore, Green Scissors, a coalition dedicated to cutting wasteful and environmentally harmful spending, has proposed a multitude of tax cuts and reforms that will save up to $300 billion over the next ten years. In the energy sector alone, the Green Scissors cuts would save a projected $114 billion.
