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Why will taxation (or better yet remove subsidies for extraction) not work? At some price point, the economics of extraction simply don't make sense anymore vs
by r00fus 5y ago
Why will taxation (or better yet remove subsidies for extraction) not work?
At some price point, the economics of extraction simply don't make sense anymore vs. other means of energy production (see: coal, nuclear).
We have an extraction "economy" mainly because of government subsidies and support. And that continuing because extraction industries have corrupted governments.
- JohnWhigham 5y agoNo government on the planet has enough balls to enact enough taxes for it to be worth companies to switch to cleaner energies. That's why it won't work.