this post was submitted on 05 Sep 2023
331 points (98.8% liked)
Technology
59402 readers
3761 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Although good news, maybe do something about the fact that every minute 13 million dollar in subsidies is going to fossil fuels... In 2022 the total was 7 trillion, dwarfing the 1 trillion for renewables (globally)
Source: IMF
Would fossil fuels even be profitable anymore if the subsidies were removed, or is the recent history of fossil fuels just a tale in wealth extraction and collusion by a dead industry?
They absolutely would be profitable, it's just that those costs would then be passed on to the consumer. People would see energy costs skyrocket to make up the difference.
The oil companies still have a product most of the world needs and people will (and have) killed to get it. We'd rebel against a government they tried
In order to get passed oil we need to move to alternatives like EVs.
Fuel does have insane taxes on it.