US subsidies boost the expected profits and development of new oil and gas fields

Researchers at the Stockholm Environment Institute (Somerville and Seattle, U.S.) and Earth Track, Inc. (Cambridge, MA, U.S.) examined 16 subsidies and environmental regulatory exemptions, providing one of the first estimates of how government subsidies will affect investment decisions for new gas fields in the coming decade. Their results are published on 29 July 2021 in the IOP Publishing journal, Environmental Research Letters.