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Fossil Fuels: 100 Years Of #subsidies

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Myth: renewable energy gets subsidies whereas fossil fuels and nuclear energy don’t.

Short answer: Fossil fuels, and nuclear energy, have gotten subsidies for decades.
. . . Actually, fossil fuels have received government subsidies for 100 or so years.
. . . These days, fossil fuel subsidies reportedly total approximately
. . . $5 trillion globally each year.

Despite tremendous:
. . . . . . health costs,
. . . . . . climate costs, and
. . . . . . countless premature deaths caused by pollution,
. . . these super rich, and overly mature industries,
. . . receive subsidies that serve no genuinely useful purpose for society.

Renewable energy also receives subsidies,
. . . but not to the same degree.

In sum, global fossil fuel subsidies reportedly total approximately
. . . $5 trillion per year.

One of the key points, about fossil fuel subsidies is,
. . . that they are not necessary.
Fossil fuels don’t need any government support.
. . . Today, these subsidies exist,
. . . only, to help fossil fuel companies enrich themselves,
. . . at the taxpayers’ expense.

1-26-2018 Source: Fossil fuels: 100 years of #subsidies


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