re: Shell oil reports record profit

quote:

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Explicit subsidies accounted for only 8 percent of the total. The remaining 92 percent were implicit subsidies, which took the form of tax breaks or, to a much larger degree, health and environmental damages that were not priced into the cost of fossil fuels, according to the analysis.

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You can’t be serious with this. 8% of that number is actual subsidies.

Then some are “tax breaks” which every company in America gets. With the “ much larger degree” of the remaining 92% being “health and environmental consequences that weren’t factored into the cost of fossil fuels.”

Give me a break. The article on its face admits that the vast majority of that is some made up number by Yale that alleges heath and environmental consequences that it thinks oil and gas companies are responsible for, and because they didn’t pay for them that’s a “subsidy.”