Low bar, but Secretary of Energy Chris Wright is probably the smartest guy in Trump’s cabinet. That’s one reason why I find him to be such a detestable figure, because he knows he’s lying, and, like Trump, he lies when he doesn’t even have to.
The interview with Wright, above, focused on new plans for a billion dollar loan to rehab the Three Mile Island Nuclear plant. I wish them luck, truly. But then Wright got unnecessarily wayyy out over is skis.
“People are tired of expensive electricity prices, and the Trump administration is all in to do something about it.”
“There are no meaningful subsidies for fossil fuels.”
David Gelles in the New York Times:
But when I asked Wright, a former fracking executive, about the government’s support for fossil fuels, he said there was none.
“There are not oil and gas subsidies,” he told me. “In the United States, oil and gas and coal are huge taxpayers and don’t have any subsidies that I’m aware of. And I’ve been in the business for 40 years. So if you can find the subsidies, tell me where they are.”
But, despite Wright’s claim, fossil fuel companies have benefited from specific elements of the U.S. tax code for decades.
Coal, oil and gas interests in the U.S. received more than $16 billion in subsidies in 2023, according to the Fossil Fuel Subsidy Tracker, which is maintained by the International Institute for Sustainable Development and the Organization for Economic Cooperation and Development.
Despite facing macro challenges and headwinds, utility-scale solar and onshore wind remain the most cost-effective forms of new-build energy generation on an unsubsidized basis (i.e., without tax subsidies). As such, renewable energy will continue to play a key role in the buildout of new power generation in the U.S. as the lowest-cost and quickest-to-deploy generation.
Continue reading “Big Subsidies for Trump Energy Plans (and Donors)”



