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Author Topic: Fossil Fuel Propaganda Modus Operandi  (Read 8798 times)

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AGelbert

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Re: Fossil Fuel Propaganda Modus Operandi
« Reply #180 on: January 27, 2018, 03:03:24 pm »

Renewable Energy Doesn’t Get More In Subsidies Than Fossil 🦖 & Nuclear Energy
 Have Gotten, & Continue To Get
January 26th, 2018 by Jake Richardson

SNIPPET:

This article is part of our “CleanTechnica Answer Box” collection. For some reason, there are certain anti-cleantech talking points that get thrown around over and over that are absolute bunk. We got tired of dealing with the same myths repeatedly and also saw others who spent time responding to these untruths in many discussions on CleanTechnica and elsewhere could use some help more efficiently and effectively doing so, so at the suggestion of a reader we created this resource in the same vein as Skeptical Science’s responses to global warming & climate change myths.

Myth: renewable energy gets subsidies whereas fossil fuels and nuclear energy don’t.

Short answer: Fossil fuels and nuclear energy have gotten subsidies for decades. Actually, fossil fuels have received government subsidies for 100 or so years. These days, fossil fuel subsidies reportedly total approximately $5 trillion globally each year. Despite tremendous health costs, climate costs, and countless premature deaths caused by pollution, these super rich and overly mature industries receive subsidies that serve no genuinely useful purpose for society. Renewable energy also receives subsidies, but not to the same degree.

A highly misleading anti-cleantech talking point  is that renewable energy “relies on government subsidies,” and that all of the renewable energy growth in recent years is attributable to them. In actuality, fossil fuels and nuclear power have been receiving government support for much longer than renewable energy has. They have received much more government subsidy historically speaking than renewables. And these dirty energy options continue to receive a tremendous amount of government support even though they are overripe industries in many regards.

In the United States alone, the petroleum and coal industries receive at minimum about $20 billion a year in various forms of financial support.

Claiming that renewables receive too much government support while neglecting to mention all of the subsidies fossil fuels get is a deliberate campaign of misinformation.

There have been many government subsidies for the petroleum industry and some have been active for a very long time.

In a document uploaded to the House Committee Ways and Means website, it is explained that a particular financial support, the intangible drilling oil & gas deduction, has been available to the petroleum industry for about 100 years.

Quote
“For all practical purposes, the option to expense or capitalize the intangible drilling expenditures has existed since the first income tax statute. Judicial recognition of the existence of the option for the year 1916 appears in Shaffer v. Comm.”

The US coal industry has also received considerable government support dating to 1932! One analysis came up with a total figure of at least $70 billion, and that was only for the last 60-some years, “Since 1950, the federal government has provided the coal industry with more than $70 billion (in constant 2007 dollars) in tax breaks and subsidies.”

In sum, global fossil fuel subsidies reportedly total approximately $5 trillion per year.

→ Related: Early Fossil Fuel & Nuclear Energy Subsidies Crush Early Renewable Energy Subsidies

Subsidies for What?

Full EXCELLENT article (don'r miss the comments ):

https://cleantechnica.com/2018/01/26/renewable-energy-doesnt-get-subsidies-fossil-nuclear-sources-gotten-continue-get/
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

 

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