Fossil-Fuel Subsidies Must End
I give you cash no matter what your product is going to be – that’s a subsidy. I will tax you less if you do this project here but you will still pay taxes and you won’t get any cash – that’s not a subsidy. And if you want to play the externalities game, let’s do this. Let’s look at all externalities. Yes, the positive ones too. You started so don’t expect good vibes from me. Anything humans do produces externalities. Good one’s ad bad ones and in fossil fuels case, the good ones outweigh the bad ones by more than an order of magnitude. Oil & Gas does not get subsidies in developed countries. That’s the truth – the rest is some deluded opinions.
Scientific American
