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Fossil Fuel Companies Are Highly Subsidized

No wonder the fossil fuel companies are so profitable.

Posted: May 18, 2015 10:10 pm

No wonder the fossil fuel companies are so profitable, and wind and solar can't seem to compete - the playing field is...

Posted by Jimmy Allen on Monday, May 18, 2015


I added in the comments:
I see from the article that these are "implicit" subsidies, not direct subsidies, brought about by externalized costs like pollution-related health problems. These external costs ought to be borne by their creators (the fossil fuel companies) rather than being socialized and paid for by everyone. Externalizing costs distorts the market, and the true costs of fossil fuels are hidden from the public in the form of excess deaths, healthcare costs, environmental cleanup costs, and more.
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