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Fossil Fuels Received $5.9 Trillion In Subsidies in 2020, Report Finds


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who was the POTUS in 2020 again @Pete?  

Coal, oil, and natural gas received $5.9 trillion in subsidies in 2020 — or roughly $11 million every minute — according to a new analysis from the International Monetary Fund.

https://e360.yale.edu/digest/fossil-fuels-received-5-9-trillion-in-subsidies-in-2020-report-finds

five point nine TRILLION? 

carry on, nothing to see here...

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5 minutes ago, Crnr2Crnr said:

who was the POTUS in 2020 again @Pete?  

Coal, oil, and natural gas received $5.9 trillion in subsidies in 2020 — or roughly $11 million every minute — according to a new analysis from the International Monetary Fund.

https://e360.yale.edu/digest/fossil-fuels-received-5-9-trillion-in-subsidies-in-2020-report-finds

five point nine TRILLION? 

carry on, nothing to see here...

Explicit subsidies accounted for only 8 percent of the total. The remaining 92 percent were implicit subsidies, which took the form of tax breaks or, to a much larger degree, health and environmental damages that were not priced into the cost of fossil fuels, according to the analysis.

  • Haha 1
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Just now, Snake said:

Explicit subsidies accounted for only 8 percent of the total. The remaining 92 percent were implicit subsidies, which took the form of tax breaks or, to a much larger degree, health and environmental damages that were not priced into the cost of fossil fuels, according to the analysis.

 

dammit, you ruined Pete's surprise!!!  😡

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1 minute ago, Snake said:

Or:

"That face you make when your thread is shoved up your own ass."

no, it's all 'by design' 

did you also want to tell him to anticipate prices to continually increase?

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1 minute ago, Crnr2Crnr said:

no, it's all 'by design' 

did you also want to tell him to anticipate prices to continually increase?

I don't participate in your thoughts or preening you do for attention here. If you post something stupid and I read it, chances are I will call it out.

Sorry if I messed up your remedial progressive class....

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Just now, Snake said:

I don't participate in your thoughts or preening you do for attention here. If you post something stupid and I read it, chances are I will call it out.

Sorry if I messed up your remedial progressive class....

Please…you preen around like a little banty rooster here all the time.😂

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25 minutes ago, Crnr2Crnr said:

who was the POTUS in 2020 again @Pete?  

Coal, oil, and natural gas received $5.9 trillion in subsidies in 2020 — or roughly $11 million every minute — according to a new analysis from the International Monetary Fund.

https://e360.yale.edu/digest/fossil-fuels-received-5-9-trillion-in-subsidies-in-2020-report-finds

five point nine TRILLION? 

carry on, nothing to see here...

Tax breaks or subsidies ? Break it down for us if you will 

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27 minutes ago, Crnr2Crnr said:

who was the POTUS in 2020 again @Pete?  

Coal, oil, and natural gas received $5.9 trillion in subsidies in 2020 — or roughly $11 million every minute — according to a new analysis from the International Monetary Fund.

https://e360.yale.edu/digest/fossil-fuels-received-5-9-trillion-in-subsidies-in-2020-report-finds

five point nine TRILLION? 

carry on, nothing to see here...

What's a subsidies? Is it a write down for a bad well or is it like a solar or ev subsidies where they make up a tax credit or wite a check?

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16 minutes ago, Ez ryder said:

Tax breaks or subsidies ? Break it down for us if you will 

see below, it's far too much to type 

13 minutes ago, Pete said:

I'm a moron 

Yes we know 

12 minutes ago, SkisNH said:

What's a subsidies? Is it a write down for a bad well or is it like a solar or ev subsidies where they make up a tax credit or wite a check?

Here's the breakdown...

https://www.imf.org/en/Topics/climate-change/energy-subsidies#Who Benefits from Energy Subsidies

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In 2009, the Group of 20 advanced and emerging market economies called for a phase out of inefficient fossil fuel subsidies in all countries and reaffirmed this again in 2012. At COP26 in 2021, 197 countries agreed to accelerate efforts to phase-out inefficient fossil fuel subsidies.

 

Despite the potential gains, many countries have had difficulty reforming subsidies. When reforms are made, prices increase, and this has often led to widespread public protests. 

The absence of public support for subsidy reform is in part due to a lack of confidence in the ability of governments to shift the resulting budgetary savings to programs that would compensate the poor and middle class for the higher energy prices they face.

Edited by Crnr2Crnr
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22 minutes ago, Crnr2Crnr said:

see below, it's far too much to type 

Yes we know 

Here's the breakdown...

https://www.imf.org/en/Topics/climate-change/energy-subsidies#Who Benefits from Energy Subsidies

It looks they you are counting subsidies that are really foreign aide...am I reading that wrong. 

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2 hours ago, Crnr2Crnr said:

who was the POTUS in 2020 again @Pete?  

Coal, oil, and natural gas received $5.9 trillion in subsidies in 2020 — or roughly $11 million every minute — according to a new analysis from the International Monetary Fund.

https://e360.yale.edu/digest/fossil-fuels-received-5-9-trillion-in-subsidies-in-2020-report-finds

five point nine TRILLION? 

carry on, nothing to see here...

If I was a Republican I wouldn’t mind.

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