To Big to Spill? BP and the Question of Subsidies

The sinking of the British Petroleum Deepwater Horizon rig into the Gulf of Mexico on April 22 will be investigated, written about, cleaned up after, and litigated for the next decade.  While the environmental costs of this disaster are on everyones minds, now would be a good time to take a look at the subsidies that support the oil industry.

One of the perennial challenges of sustainable renewable energy is price parity with oil.  At this point in the evolution of their development and deployment, renewables often need various incentives and financial support mechanisms to make their returns competitive.  But this overlooks the comparison of incentives that are much less talked about that assist the oil industry.

This blog to be continued while we get permission to print some privately published data.  Meanwhile, please see:

“Oil Companies Have a Rich History of Subsidies”, and “Oil Industry Subsidies for Dummies”.

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