2024-01-21 14:49:23
The United States government does not give the fossil fuel industry $1 trillion in subsidies each year. One estimate puts this number at $20 billion per year. [Link] NEEDS_MORE_RATINGS(3-5-4) Author
2024-01-22 01:40:33
IMF estimates Fossil Fuel subsidies to be around $7trillion globally [Link] NEEDS_MORE_RATINGS(4-0-0) Author
2024-01-22 14:45:41
Context for $1 trillion IMF report page 4, bullet 2 air pollution global warming nearly 60 percent global fossil fuel subsidies, underpricing supply costs transportation externalities (such as congestion) another 35 percent (the remainder is forgone consumption tax revenue). [Link] NEEDS_MORE_RATINGS(0-0-2) Author
2024-01-22 17:39:54
$1,000,000,000 is NOT 1 trillion, it's 1 billion. Tax on ICE vehicles fuel alone contributes tens of billions in tax annually and funds the vast majority of the construction and maintenance of interstate highways. [Link] NEEDS_MORE_RATINGS(1-0-0) Author