> The fossil fuels industry pays extremely high tax rates on their profits and has for decades (Exxon and Chevron typically average near 35%, among the highest

> The fossil fuels industry pays extremely high tax rates on their profits and has for decades (Exxon and Chevron typically average near 35%, among the highest corporate tax rates anywhere). And yet they have still been doing more than fine for all these decades, they still do really good. > modest subsidies the fossil fuel corporations have received "Modest" is an odd word to use considering that subsidies come in more forms than straight up sending money to a company, companies can also be subsidized by taxing them less on certain behavior by weighting factors differently, like on long-term environmental impacts [0]. I've seen a way more detailed breakdown of this issue before in another study, but I just can't find it anymore. [0] http://www.imf.org/en/News/Articles/2015/09/28/04/53/sonew070215a http://www.imf.org/en/News/Articles/2015/09/28/04/53/sonew07...