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and the government that already subsidizes oil, is not subsidizing the cleanup by paying for it
by katbyte 3y ago
and the government that already subsidizes oil, is not subsidizing the cleanup by paying for it
- MaxHoppersGhost 3y agoIn the US? Please list some oil subsidies. The only real subsidies oil companies get are the ability to write off certain costs, mostly the capex related to drilling unproductive wells (“dry hole costs”). Hardly a subsidy.
- acdha 3y agoThe tax write offs are significant (see https://iopscience.iop.org/article/10.1088/1748-9326/ac0a10#erlac0a10s2 https://iopscience.iop.org/article/10.1088/1748-9326/ac0a10#...) but most of the subsidies for fossil fuels come from this kind of stuff where the companies are known to be creating problems but will have taxpayers cover cleanup and environmental mitigation, increased healthcare costs, etc. When the government is picking up the cost for damaged houses which can no longer be insured due to climate change, that’s money which should have come from oil & coal companies’ revenues over the half century they’ve known that their products caused global warming but focused on preventing effective action.
- katbyte 3y agoNo Canada
- 1letterunixname 3y agoSuperfund is supposed to cover pollution industry abandons. It has a track record of recouping 70% of costs. Edit: Superfind site finder https://www.epa.gov/superfund/search-superfund-sites-where-you-live https://www.epa.gov/superfund/search-superfund-sites-where-y...
- katbyte 3y agoCanada. We do not have a superfund (and 70%? It should capture 100%!)