See, e.g. It is not so much that we should not be subsidizing destroying the planet, but even if the fossil fuel industry were not destroying the planet, it is far from clear that these private businesses should be receiving help from the taxpayers. I am entirely with President Obama in thinking that we should stop these things. On the other hand, I am also against investing this funds in clean energy technology. It is not so much that I am convinced that clean energy technologies aren't viable right now, but that it is exceptionally hard for governments to pick the right horse among competing technologies. Markets are much better at that.