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Taxpayers lose billions to coal subsidies

2015-09-17 20:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: Attention taxpayers: Your hard-earned cash is going into some very deep pockets. A new report reveals that American taxpayers spend billions annually on subsidies for coal, including tax breaks, government-funded infrastructure, and inexpensive leases on land. From The Guardian: The research examined the subsidies given to coal production in the USs largest coal field, the Powder River Basin, and found they totalled $2.9bn (1.9bn) a year. This equates to $8 per tonne, almost 25% of the...

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