Re:H.R.2184 – End Oil and Gas Tax Subsidies Act
by lordswork on Friday September 09, 2022 @02:03PM
(#32782756)
>Record profits won't matter when a company looks at a project and sees it will result in a loss
What long-term projects are you imagining oil and gas to start investing in now? To hit 2030 / 2050 emission goals, we can't afford to invest in new long term oil and gas projects.
>I'm skeptical the layman's perspective on this is actually accurate. The reasoning presented screams "arguments made in bad faith by activists" to me. Stuff that seems super reasonable but breaks apart once you understand in depth.
Here are a couple of resources on how much these subsidies work out to be:
What long-term projects are you imagining oil and gas to start investing in now? To hit 2030 / 2050 emission goals, we can't afford to invest in new long term oil and gas projects.
>I'm skeptical the layman's perspective on this is actually accurate. The reasoning presented screams "arguments made in bad faith by activists" to me. Stuff that seems super reasonable but breaks apart once you understand in depth.
Here are a couple of resources on how much these subsidies work out to be:
[0]: https://www.theguardian.com/environment/2021/oct/06/fossil-f...
[1]: https://www.imf.org/en/Publications/WP/Issues/2021/09/23/Sti...