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
Fossil fuels enable you to move goods around. If you can’t move goods to where people need them, their quality of life suffers. When people’s quality of life suffers, they vote for somebody who will promise to make it better. Therefore it’s in every politicians best interest to keep fossil fuels cheap and abundant. One of the tools they use to do that is subsidy.
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