M
Monkey1976
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Their argument seems to be based around redefining “subsidy” into something it means nowhere else. Outside of that echo-chamber website, a subsidy is money paid out with no expectation of return or renumeration. Calling deductions a subsidy is an example of the worst kind of straw-man argument.from priceofoil.org/fossil-fuel-subsidies/
Fossil Fuel Subsidies: Overview
What is a fossil fuel subsidy?
A fossil fuel subsidy is any government action that lowers the cost of fossil fuel energy production, raises the price received by energy producers or lowers the price paid by energy consumers. There are a lot of activities under this simple definition—tax breaks and giveaways, but also loans at favorable rates, price controls, purchase requirements and a whole lot of other things. – priceofoil.org/content/uploads/2009/09/koplowtypesofsubsidy.pdf
None of that money actually comes from government coffers. It’s standard deductions - the vast majority of which are available to any commercial enterprise. When you take a deduction on your taxes, is the government giving you money that you didn’t have before, or is it reducing the amount of money you have to pay them? If we look at “alt-energy” companies, that’s when we start seeing the government actually handing out money beyond these deductions.How much money does the U.S. government provide to support the oil, gas and coal industries?
In the United States, credible estimates of annual fossil fuel subsidies range from $10 billion to $52 billion annually yet these don’t even include costs borne by taxpayers related to the climate, local environmental, and health impacts of the fossil fuel industry.