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The "subsidy" is not straight-up tax dollars being given to Exxon & co, but computed against "prices fully reflected supply costs plus the taxes needed to refle
by 9nGQluzmnq3M 7y ago
The "subsidy" is not straight-up tax dollars being given to Exxon & co, but computed against "prices fully reflected supply costs plus the taxes needed to reflect environmental costs and other damage, including premature deaths from air pollution".
- Reason077 7y agoThe total includes direct subsidies, such as tax incentives that reward fossil fuel investment, exploration, and extraction in addition to indirect ones you describe. In the US, like many countries, these are very substantial: https://www.investopedia.com/articles/07/oil-tax-break.asp https://www.investopedia.com/articles/07/oil-tax-break.asp