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>But the other reason halting oil and gas production isn’t profitable has to do with something even climate hawks have trouble admitting: There just isn’t as mu
by asdff 3y ago
>But the other reason halting oil and gas production isn’t profitable has to do with something even climate hawks have trouble admitting: There just isn’t as much money to be made off building clean energy.
This seems like all it would take for an era of clean energy building is a simple shift in incentives. Fossil fuels are highly profitable yet clean energy isn't? Great! The solution is possible then! Just tax the absolute hell out of the profit margins of fossil fuel companies and use that to subsidize clean energy conversion and electric bike and vehicle buying. Surge the taxes on capital gains on dirty energy companies, and perhaps even reduce capital gains on clean energy to drive investing. Seems there's plenty of money in our banana stand, its just a matter of shifting it to where it can work to achieve our climate goals.