Environment & Energy
Related: About this forumCan you believe the world continues to subsidize fossil fuels? ($23 Million Dollars per Minute!)
Can you believe the world continues to subsidize fossil fuels?
TONY PARADISO | EnergyCentral.com | Jul 18, 2023
If youve lived long enough that revelation probably isnt surprising, but its nonetheless disappointing.
The World Bank puts the direct or explicit subsidies for coal, oil, and gas in 2021 at $577 billion. Thats twice the subsidies for renewable energy and almost six times higher than the climate funding promised by wealthy countries.
Big oil has sustained political influence and many local economies remain dependent on fossil fuel industries. This is despite the windfall profits Big Oil has reaped since inflation reared its ugly head. They chalk it up to productivity improvements, but thats a load of crap. Spend two minutes reviewing their financials and its obvious that the record profits are coming from prices that are higher than current levels of inflation warrant.
And fossil fuels arent the only carbon emitters that continue to be subsidized. Agriculture also enjoys significant subsidies. You might be thinking - who would argue with subsidizing farmers? Well, first, the idea of the small family farm died a long time ago. Most farming is now big business. Sure, some small family farms remain. However, it would be easy to carve them out and assist their survival...more
https://energycentral.com/c/cp/can-you-believe-world-continues-subsidize-fossil-fuels
https://www.youtube.com/shorts/7RgS1pTnDRs
msongs
(67,502 posts)Progressive dog
(6,933 posts)direct consumer subsidies of $1 trillion in 2022.
and they also say this
https://www.iea.org/reports/fossil-fuels-consumption-subsidies-2022
Think. Again.
(8,892 posts)...and WE, the voting and CONSUMING public is allowing this to continue.
We have more power than "they" want us to recognize, we should use it.
niyad
(113,963 posts)orthoclad
(2,910 posts)NNadir
(33,587 posts)We see the slick marketing of fossil fuels as "hydrogen" here pretty much every day.
I wouldn't be surprised at all to see these slick marketeers protest that they're actually against fossil fuels, but since making hydrogen out of fossil fuels destroys exergy, and because, except for misleading and trivial Potemkin projects hyping so called "renewable energy" as a source of hydrogen, what the slick marketeers are doing is trying to increase the use of fossil fuels.
Hydrogen, exergy destruction, and fossil fuels:
A Giant Climate Lie: When they're selling hydrogen, what they're really selling is fossil fuels.
98.28% of the world's hydrogen is made, with dirty filthy exergy destruction that is helping to destroy the planet, using dangerous fossil fuels. Nevertheless, salespeople and salesbots regularly lie and say hydrogen is "green."
They do it here; they do it everywhere.
They apparently don't understand that there are people who recognize the truth, although a lot of rubes by this hydrogen snake oil.
Duppers
(28,134 posts)Thanks for this informative post.