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What I mean is subsidies for the fossil fuel industry. We'd be doing a lot of progress if it were just sold at market value, and if the market price is below th
by m_mueller 10y ago
What I mean is subsidies for the fossil fuel industry. We'd be doing a lot of progress if it were just sold at market value, and if the market price is below the cost of extraction/refinement/distribution, it would just not be pumped out.
- forgetsusername 10y ago>What I mean is subsidies for the fossil fuel industry. The nature of fossil fuel subsidies are tax breaks and unpaid externalities. As far as the former, basically irrelevant: global oil companies (and their employees) pay BILLIONS in taxes annually. We aren't handing them free money. There's a big difference between handing people money to burn, and giving a tax break to companies that, let's face it, are fundamental to national security infrastructure. Regarding the latter: we're working on it. The externalities aren't easy to pin down, and there is much argument over what the values should be.