Fossil fuel companies benefit from inefficient pricing on climate and health consequences

(Yale School of the Environment) Fossil fuel producers in the U.S. are directly benefiting from implicit subsidies on the order of $62 billion a year because of inefficient pricing that doesn't properly account for the costs of damages to the environment, climate, and human health, according to a new study in the Proceedings of the National Academy of Sciences (PNAS) by Yale School of the Environment Economics Professor Matthew Kotchen that analyzed gasoline, natural gas, diesel, and coal.