I agree... I'll trade you EV subsidies for oil / gas subsidies.
This article is from the October 13, 2021, issue of Flip the Script, a weekly newsletter moving you from climate […]
generation180.org
First, let’s consider just the
direct subsidies for fossil fuel production—money that flows directly from the government to fossil fuel companies to support activities like exploration, extraction, and development. A conservative estimate from
Oil Change International puts the U.S. total at around
$20.5 billion annually, including $14.7 billion in federal subsidies and $5.8 billion in state-level incentives. A whopping 80 percent of this goes to oil and gas (with the rest supporting coal), and most of the subsidies are in the form of tax deductions and exemptions and other “
obscure tax loopholes and accounting tricks” that result in massive avoided costs for fossil fuel producers.