Matters of Scale - Corporations on the Dole
How resource extraction subsidies transfer wealth - from public property to private profit, from natural capital to consumption, and from the many to the few.
Recoverable mineral value of the McCoy/Cove gold deposit in Nevada, which a Canadian company, Echo Bay Mines, proposes to mine
Amount the U.S. government will charge Echo Bay for the rights to take out and sell this gold, even though the land belongs to the U.S. public
Recoverable mineral value of the Mount Emmons molybdenum deposit in Colorado, for which the Cyprus-Amax company has filed an application
Amount the U.S. government will charge Cyprus-Amax for the rights to extract and keep this wealth, even though the land belongs to the U.S. public
Amount paid by the world's governments to subsidize their fishing industries in one year - creating higher incentives to deplete stocks and risk further extinctions
Amount paid by the fishing industries themselves
Amount the U.S. government paid to manage publicly owned land used by cattle ranchers for grazing livestock in 1994
Amount paid by ranchers for the use of this land, at a rate of $1.61 per month per cow
Amount the U.S. government spent on building and maintaining roads through national forests, largely for the use of timber companies, in 1994
Amount of this cost paid by the timber companies
Amount spent by Germany to subsidize coal production in one year
Market value of coal produced
Sources: Gold and modybdenum: Recoverable mineral value from corporate annual reports as compiled by the Mineral Policy Center, Washington, D.C.; Fishing: Peter Weber, Worldwatch Paper 120, Net Loss: Fish, Jobs, and the Marine Environment, 1994; Cattle and Forests: Common Cause, Fall 1995; Coal: Judy Dempsey, "Decision Time Looms for German Energy," Financial Times, February 9, 1995.