@voracitude I think the biggest subsidy of all is the hidden one.
Burning fossil fuels leads to more frequent and severe floods, droughts, bushfires, heatwaves, and hurricanes.
The costs of rebuilding and recovering from those disasters are a cost of using fossil fuels.
If the fossil fuel companies aren't paying that cost, they're receiving a subsidy. And it's already a massive one.
Also.
I didn't include it in the post above, but apparently the CEO of ExxonMobil is also totally against subsidies...
For climate action:
"The way that the government is incentivized and trying to catalyze investments in this space is through subsidies. Driving significant investments at a scale that even gets close to moving the needle is going to cost a lot of money.
...
"But I would tell you building a business on government subsidy is not a long-term sustainable strategy—we don’t support that."
breadandcircuses