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Oil CEO says blaming the energy industry for the climate crisis ‘like blaming farmers for obesity’ (www.cnbc.com)

submitted 11 months ago by roastedDeflator@kbin.social to c/nottheonion@lemmy.world

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[-] givesomefucks@lemmy.world 2 points 11 months ago* (last edited 11 months ago)

There's more than just corn like that

I grew up on a tobacco farm, when it's sells it sells like an auction. If no one buys your crop, the government bought it for a set price and threw it in a warehouse in case we "ran out" of tobacco between harvests and companies wanted to buy more or some shit

But that's not even really a subsidy, so I'm not sure why you're talking about it.

[-] Nougat@kbin.social 20 points 11 months ago* (last edited 11 months ago)

A subsidy is a direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut.

I would say that a government guaranteed price floor would count as a subsidy, especially on a luxury/vice product like tobacco.

[-] JustZ@lemmy.world 4 points 11 months ago

Not sure what the mixup is but it's a subsidy.

this post was submitted on 06 Dec 2023

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