Just read a bit about the massive subsidies the fossil fuels industry receives in the U.S and I was confused. Aren’t these companies one of the most profitable ones in the U.S?
In: Economics
Easier to see it as an investment, for the US or companies involved. The country as a whole wants the oil company to be “attached” to the country they are operating in as much as possible. Because as you say they are making a lot of money – but they also then pay a lot of tax. So its an investment for the gvt. to “give them” xyz. The gvt. are not stupid, they wouldnt do it if there werent gains.
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