If the fossil fuel industry is so stupidly rich, why is it so heavily subsidized?

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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

33 Answers

Anonymous 0 Comments

Most of the subsidies are 1) environmental costs they push on to society and 2) relatively standard deductions that align with economic activity 3) some incentives for domestic production

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