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Give an example of an American fossil fuel subsidy.
by yttribium 3y ago
Give an example of an American fossil fuel subsidy.
- gary_0 3y agohttps://en.wikipedia.org/wiki/Fossil_fuel_subsidies https://en.wikipedia.org/wiki/Fossil_fuel_subsidies https://www.visualcapitalist.com/charted-5-trillion-in-fossil-fuel-subsidies/ https://www.visualcapitalist.com/charted-5-trillion-in-fossi... In 2019 governments spent $51 billion on natural gas consumption subsidies, which is why it's cheaper in a lot of places to heat your home with gas rather than electric.
- yttribium 3y agoThat's worldwide, not US. No one seems to know what these "subsidies" are in the US context other than vague complaints about tax treatment of profits. The numbers are never netted out of, eg, fuel tax either.
- jahnu 3y agohttps://e360.yale.edu/digest/fossil-fuels-received-5-9-trillion-in-subsidies-in-2020-report-finds https://e360.yale.edu/digest/fossil-fuels-received-5-9-trill...
- yttribium 3y agoThose aren't American numbers. Many countries for instance subsidize fuel, the US taxes it.
- jahnu 3y agohttps://www.reuters.com/business/energy/biden-budget-target-us-fossil-fuel-subsidies-2023-03-09/ https://www.reuters.com/business/energy/biden-budget-target-... Explains why it is difficult to pin down exactly but offers concrete examples too.