White House: US will publish fossil fuel subsidy totals

The White House will begin publishing annual tallies of federal subsidies for petroleum and coal.

The plan is part of a wider set of “open government” commitments announced Thursday.

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“In an effort to increase transparency and accountability, the United States will ... begin to publish annual reports on U.S. government spending on fossil fuel subsidies and will share this information with the Group of 20 (G-20) and other relevant international bodies,” the White House said in a report.

G-20 member nations in recent years have been pledging to take steps to curb subsidies for production and consumption of fossil fuels, calling it a way to help combat climate change.

However, years of White House of proposals to end billions of dollars in U.S. oil-and-gas industry tax incentives have gone nowhere on Capitol Hill.