Policy Documents

Trust Fund or Slush Fund? Energy Security Trust Has Fatal Flaws

Nicolas Loris –
March 25, 2013

The old adage “If it’s too good to be true, it probably is” undoubtedly applies to alternative fuel investments that need government support. Too many times, politicians have promised that a few billion taxpayer dollars would fundamentally transform the energy sector. These attempts have done little else but waste taxpayer money and benefit special interests. Congress should reject the idea of an Energy Security Trust Fund and instead open access to federal energy resources and remove subsidies for all energy sources and technologies.