Login
or
Register
Home
»
Trains Magazine
»
Forums
»
General Discussion
»
What have NIMBY's done in yout town?
Edit post
Edit your reply below.
Post Body
Enter your post below.
<P mce_keep="true">[quote user="YoHo1975"][quote user="Bucyrus"] <P><FONT face=verdana,geneva>To what extent are they subsidized? </FONT></P>[/quote] Every day, governments give away an estimated two billion dollars of taxpayer money to the fossil fuel industry. <P>Most industrialised countries subsidise oil, coal and natural gas production to reduce the cost of finding and producing oil for oil companies. Countries in the developing world subsidise the cost of buying fuel to the public. Experts agree that both forms of subsidies encourage consumption of fossil fuels and thus increase the price of oil <P>the petroleum industry "probably has larger tax incentives relative to its size than any other industry in the country", according to Donald Lubick, the U.S. Department of Treasury's former Assistant Secretary for Tax Policy <P>Construction bonds at low interest rates or tax-free <P>Research-and-development programs at low or no cost <P>Assuming the legal risks of exploration and development in a company's stead <P>Below-cost loans with lenient repayment conditions <P>Income tax breaks, especially featuring obscure provisions in tax laws designed to receive little congressional oversight when they expire <P>Sales tax breaks - taxes on petroleum products are lower than average sales tax rates for other goods <P>Giving money to international financial institutions (the U.S. has given tens of billions of dollars to the World Bank and U.S. Export-Import Bank to encourage oil production internationally, according to Friends of the Earth) <P>The U.S. Strategic Petroleum Reserve <P>Construction and protection of the nation's highway system <P>Why does a company like Exxonmobil need 1 dime of subsidy to do anything?</P> <P>[/quote]</P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=verdana,geneva></FONT> </P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=verdana,geneva>When I say that wind energy is subsidized, and you counter above that the rest of the energy industry is also subsidized, what exactly are you concluding about the cost and viability of wind energy?</FONT></P>
Tags (Optional)
Tags are keywords that get attached to your post. They are used to categorize your submission and make it easier to search for. To add tags to your post type a tag into the box below and click the "Add Tag" button.
Add Tag
Update Reply
Join our Community!
Our community is
FREE
to join. To participate you must either login or register for an account.
Login »
Register »
Search the Community
Newsletter Sign-Up
By signing up you may also receive occasional reader surveys and special offers from Trains magazine.Please view our
privacy policy
More great sites from Kalmbach Media
Terms Of Use
|
Privacy Policy
|
Copyright Policy