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U.S. Taxpayers Have Subsidized Fossil Fuels for 111 Years, and Counting | For the fourth year in a row, President Biden is trying to eliminate federal tax breaks for coal, oil and gas companies. (www.nytimes.com)
submitted 7 months ago by silence7@slrpnk.net to c/climate@slrpnk.net
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[-] the_post_of_tom_joad@sh.itjust.works 9 points 7 months ago* (last edited 7 months ago)

Biden isn't really doing anything more than Obama did, request that they not be in the budget Congress presents. With as many coal, oil and gas friendly Democrats in Congress there will never be a budget without their inclusion. Hell, Obama enjoyed a D majority and it didn't happen then.

It would take some serious strong-arm tactics to get the oil etc subsidies stopped. I don't think bidens gonna go that route though.

[-] silence7@slrpnk.net 8 points 7 months ago

With more and better Democrats, it's possible. Not this year (the Republicans hold a majority in the House) but as the industry starts to go into decline, we'll pull it off, and accelerate the phase-out.

this post was submitted on 15 Mar 2024
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