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this post was submitted on 15 Dec 2023
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"The biggest perpetrators were energy companies like Shell, Exxon Mobil, and Chevron, which were able to enjoy massive profits last year"
If you can find any way to go electric, use petrol less, ride a bike, walk, use a train, avoid a plane, etc, go for it. Prolly the petrol corps won't notice your individual actions, but the carbon you'll keep out of the atmosphere might just help to keep our planet's ecosphere viable.
The Study itself: INFLATION, PROFITS AND MARKET POWER TOWARDS A NEW RESEARCH AND POLICY AGENDA - https://www.ippr.org/files/2023-12/1701878131_inflation-profits-and-market-power-dec-23.pdf - Jeebus, 32 pages!
This is only if nations stop burning oil even if it's cheap.
Nations aren't going to stop burning oil until it's too expensive.
That’s why oil should have the cost of climate change and healthcare from pollution added to it. If oil was as expensive as the true cost, we’d have ditched it decades ago.
I totally agree, but the people we put in power don't care about the true cost because we don't.
Collectively speaking, anyways.
I drive electric and in my home state of Georgia, USA they have an ad valorem tax of 239 dollars or there abouts for people that drive Evs and plug in hybrids.
My theory is that they're missing out on the taxes I would normally pay if I bought gas and need to recoup their losses.
I don't think you need to refer to that as a theory. Taxes on fuel for motor vehicles go towards road maintenance. Vehicles that drive on the roads but don't burn gas or diesel, don't pay their share of the road maintenance costs. That's why states want to tax EVs.
I used to live in Texas and they did the same shit there. Tax EVs more because their owners weren't "paying their fair share on the highway tax"