DIR Return Create A Forum - Home
---------------------------------------------------------
Renewable Revolution
HTML https://renewablerevolution.createaforum.com
---------------------------------------------------------
*****************************************************
DIR Return to: Fossil Fuel Folly
*****************************************************
#Post#: 5559--------------------------------------------------
Re: Fossil Fuel Subsidies - The Invisible Ones are Worse Than th
e Obvious Ones!
By: AGelbert Date: August 8, 2016, 5:44 pm
---------------------------------------------------------
[center][img
width=640]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-080816184719.png[/img][/center]
To show you that the cratering of fossil fuel prices (and
STOCK!) is NOT a recent trend, here's last year's one year
performance Oil & Gas Writing on the Wall (Street). 8)
[center][img
width=640]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-080816185404.png[/img][/center]
The totally unjustified price increase earlier this year was due
to SPECULATION, not "supply & demand", as the recent wailing
HTML http://www.pic4ever.com/images/165fs373950.gif
and gnashing of
teeth by oil trader crooks evidences[/I]
HTML http://renewablerevolution.createaforum.com/fossil-fuel-folly/fossil-fuel-profits-getting-eaten-alive-by-renewable-energy!/msg5521/#msg5521<br
/>when they got their arses handed to them by the Chinese.
Last year, reality was asserting itself in the stock market.
Reality has a habit of doing that, despite the most energetic
efforts at corruption and rigging by the champions
HTML http://www.createaforum.com/gallery/renewablerevolution/3-200714191329.bmp<br
/>
HTML http://www.pic4ever.com/images/acigar.gif<br
/>
HTML https://smileyshack.files.wordpress.com/2011/09/stupid-im-with-arrow-left.gif<br
/>of profit over planet. 8)
Fossil Fuel Corporations are going to lose[i] a lot of money.
Here's why. It is in the category of correct accounting
procedures. Perhaps it is such a shock to the corporate world
that they had to invent a new accounting term (i.e. Stranded
Assets.).
"Stranded Assets", the new term for fossil fuels and the
accompanying infrastructure plant and equipment, in real world
accounting, means "LIABILITIES".
When that realization FINALLY hits the balance sheet preparers
in the corporate world, the red ink will produce a TORRENT of
fossil fuel industry bankruptcies. GOOD! ;D
[center][img
width=640]
HTML http://www.ceres.org/images/press-release/Graphic_FossilFuelAssets.jpg/image_large[/img][/center]
And let's not forget all those refineries, pipelines, drilling
rigs and, last but not least, ocean going oil tankers that will
find it rather difficult to carry olive oil or biofuels instead
of crude oil....
HTML http://www.createaforum.com/gallery/renewablerevolution/3-200714191258.bmp<br
/>
HTML http://www.createaforum.com/gallery/renewablerevolution/3-200714191456.bmp
[move]
Looky here, a floating white elephant![/move]
[center]
[img
width=640]
HTML http://upload.wikimedia.org/wikipedia/commons/8/82/Hellespont_Alhambra-223713_v2.jpg[/img][/center]
[center][I]Hellespont Alhambra (now TI Asia), a ULCC TI class
supertanker, which are the largest ocean-going oil tankers in
the world[/i][/center]
#Post#: 5771--------------------------------------------------
Re: Fossil Fuel Subsidies - The Invisible Ones are Worse Than th
e Obvious Ones!
By: AGelbert Date: October 4, 2016, 5:41 pm
---------------------------------------------------------
[center]When you’re in a carbon hole, stop digging
HTML http://www.pic4ever.com/images/301.gif
[/center]
Published on 03/10/2016, 4:53pm
[move][font=courier]Coal mine expansion makes dirty fuel cheap
and delays the transition to clean alternatives. A moratorium is
in order, argues Richard Denniss[/font][/move]
By Richard Denniss
A world that is tackling climate change needs fewer coal mines,
not more. But despite the simple truth of that statement, very
large new coal mines are still being approved, subsidized and
built around the world.
HTML http://www.createaforum.com/gallery/renewablerevolution/3-200714183337.bmp<br
/>
HTML http://www.pic4ever.com/images/126fs2277341.gif
In Australia, for example, the proposed Adani Carmichael mine –
the largest ever in the country – would boost world coal output
by around 40 million tonnes per year, enough to push the world
price of coal down by around 1–2%.
Reducing greenhouse gas emissions in line with the goals of the
Paris Agreement will require a broad range of measures, given
that less coal will be needed in a low carbon future.
A simple first step for a world committed to a safe climate
would be a moratorium on new coal mines, such as that proposed
by the then-President of Kiribati, Anote Tong.
In addition to the obvious benefits of reducing coal production,
avoiding unnecessary investment in unnecessary projects, and
pushing up the price of coal, a moratorium on building new coal
mines has a number of political economy, equity and diplomatic
benefits.
Coal is by far the largest contributor to global emissions, and
financially and politically, coal is the weakest member of the
fossil fuel family. A moratorium on new coal mines further
weakens the political power of the industry: Not only does it
separate coal from the oil and gas sector, but it also separates
the interests of the owners of existing coal mines from the
interests of those proposing new coal mines.
Closely related to this is how a moratorium on new mines fits
with the need for a “just transition” away from coal. Avoiding
new mines helps to protect the jobs and wages of workers in
existing coal mines, some of which might otherwise be forced to
shut down early amid competition from new, often subsidized,
coal mines.
This means a moratorium can help to support a more just and
orderly transition for affected communities. When global demand
for coal is flat or declining, every new coal mine built lowers
both the market share and price received by all existing coal
mines. That means new coal mines not only delay the transition
away from coal; they also hurt existing coal miners’
livelihoods.
[center]Study: Existing coal, oil and gas fields will blow
carbon budget [img
width=50]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-150715183719.png[/img][/center]
At a diplomatic level, the call for a moratorium allows
countries that are committed to global climate action to place
diplomatic pressure on the small number of countries that are
committed to the construction of new coal mines.
In this sense, the call for a moratorium is the diplomatic
equivalent of a divestment or "Keep it In the Ground” campaign.
Forcing countries such as Australia to defend their right to
significantly expand their coal exports is likely to help
marginalize the views of such countries in existing foreign
policy forums, including international climate negotiations.
As world demand for coal declines over time, the result will be
lower prices. This will, inevitably, induce further demand, and
thus delay the point at which renewable energy is significantly
cheaper than coal fired electricity.
In addition to avoiding unnecessary investments and protecting
the jobs of workers in existing coal mines, supply-side policies
such as a coal moratorium can help to keep upward pressure on
price and, in turn, augment and speed up the rate at which
demand-side policies and technological change can drive
reductions in greenhouse gas emissions.
Richard Denniss
HTML http://www.pic4ever.com/images/19.gif
is chief
economist at The Australia Institute, tweeting @rdns_tai. To
learn more about efforts to achieve a moratorium on new coal
mines in Australia, see:
HTML http://www.nonewcoalmines.org.au
.
HTML http://www.climatechangenews.com/2016/10/03/when-youre-in-a-carbon-hole-stop-digging/
[center] [img
width=280]
HTML https://pbs.twimg.com/media/CCi1IdQWYAAcO5Y.jpg[/img]
[img
width=370]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-270716175152.png[/img][/center]
#Post#: 5988--------------------------------------------------
Re: Fossil Fuel Subsidies - The Invisible Ones are Worse Than th
e Obvious Ones!
By: AGelbert Date: December 2, 2016, 6:04 pm
---------------------------------------------------------
[center]Germany tells World Bank to quit funding fossil fuels
HTML http://www.pic4ever.com/images/47b20s0.gif
[/center]
HTML http://www.climatechangenews.com/2016/12/01/germany-tells-world-bank-to-quit-funding-fossil-fuels/
#Post#: 6421--------------------------------------------------
Re: Fossil Fuel Subsidies - The Invisible Ones are Worse Than th
e Obvious Ones!
By: AGelbert Date: February 8, 2017, 1:06 pm
---------------------------------------------------------
Agelbert NOTE: ANYONE who claims that there is not ample proof
on this thread of the gargantuan, and totally unjustified,
subsidies (THEFT from taxpayers) the fossil fuel industry
welfare queens get annually from our government (and foreign
governments all over the world too!) is REALLY off their
rockers.
HTML http://www.pic4ever.com/images/126fs2277341.gif
To the ignoramous who complained about lack of fossil fuel
subsidy proof here: Argue your point or STFU.
[move]Fossil Fuel Subsidies in the U.S.[/move]
What is a fossil fuel subsidy?
A fossil fuel subsidy is any government action that lowers the
cost of fossil fuel energy production, raises the price received
by energy producers or lowers the price paid by energy
consumers. There are a lot of activities under this simple
definition—tax breaks and giveaways, but also loans at favorable
rates, price controls, purchase requirements and a whole lot of
other things.
Are you looking for information about International Fossil Fuel
Subsidies? Then go here.
How much money does the U.S. government give oil, gas and coal
companies?
In the United States, credible estimates of annual fossil fuel
subsidies range from $14 billion to $52 billion annually, while
even efforts to remove small portions of those subsidies have
been defeated in Congress, as shown in the graphic below
HTML http://priceofoil.org/content/uploads/2012/05/FIN.USCapitolSubsidyGraphicFlyer.pdf
HTML http://priceofoil.org/fossil-fuel-subsidies/
#Post#: 6487--------------------------------------------------
Re: Fossil Fuel Subsidies - The Invisible Ones are Worse Than th
e Obvious Ones!
By: AGelbert Date: February 16, 2017, 3:30 pm
---------------------------------------------------------
[center] [img
width=300]
HTML http://graysondemocrats.org/wp-content/uploads/2011/05/end-oil.jpg[/img]<br
/> [/center]
[center]Fossil fuels subsidies ‘jeopardising climate deal’, say
major investors
[/center]
Published on 15/02/2017, 12:01am
[center]A group of investors and insurers who manage $2.8trn has
called on the G20 to end public funding for coal, oil and gas by
2020 [img width=100
height=60]
HTML http://cliparts.co/cliparts/Big/Egq/BigEgqBMT.png[/img][/center]
By Karl Mathiesen
Investors with US$2.8 trillion :o under management have called
on the world’s leading economies to stop subsidising fossil
fuels within four years.
The group, which includes insurance brands Legal & General and
Aviva, issued a statement on Wednesday calling for a 2020
deadline to be set for a phase out of subsidies for coal, oil
and gas by the G20 nations. G20 foreign ministers are meeting
this week ahead of a leaders’ summit in Hamburg in July.
The G7 nations have pledged to end their subsidies by 2025, but
much of the world’s carbon emissions growth is coming from
countries on the next rung of the economic ladder.
The G20, which encompasses many of the world’s emerging
economies, have agreed to phase out “inefficient fossil fuel
subsidies that encourage wasteful consumption” over the “medium
term”. But despite increasing pressure from civil society and
some countries within the G20, the commitment has remained hazy.
The group of fund managers, many of which hold large fossil fuel
investments, said a clear signal from the world’s biggest
economies would give them the confidence to shift capital
towards clean energy.
Meryam Omi, head of sustainability and responsible investment
strategy at Legal and General, said: “The current level of
inefficient subsidies and lack of transparency are jeopardising
the global goal of meeting the Paris climate targets and of
ensuring a secure, healthy and reliable energy system.
[quote]“As investors, we are faced with a tremendous opportunity
to finance the low carbon transition and, as such, we look for
the governments to set a clear timeline and a plan for phasing
out fossil fuel subsidies to enable an orderly transition. "
HTML http://www.pic4ever.com/images/19.gif[/quote]
Subsidies can come in the form of tax breaks, direct finance and
indirect assistance but the definition is a subject of debate.
Because of this, estimates of global fossil fuel subsidies vary
widely, but even conservative estimates set the annual spend in
the hundreds of billions.
Secretary general of the Mercator Research Institute Brigitte
Knopf leads a task force charged with advising on the G20
meeting’s climate agenda. She said the topic of phasing out
fossil fuel subsidies would be discussed at the meeting.
“However, in the current political situation we will see what is
realistic in the end,” she said. The meeting will be the first
multilateral talks attended by the new US president Donald Trump
and a major test of his anti-globalist agenda.
The US has led on this matter in the past, last year presenting
a joint peer review with China. Germany and Mexico are set to
follow suit. But Trump has already reversed many of the
pro-climate initiatives of his predecessor Barack Obama.
On fossil fuel subsidies, Knopf said “a clear deadline would
certainly help with this endeavour. However, a phase-out year of
2020 is very ambitious. In 2016, the G7 have agreed on a date of
2025 and I don’t expect that the G20 can become more ambitious
than the already positive signal of a joint 2025 deadline. It is
also very well possible for the G20 to come out with a two-step
approach of different speeds, meaning that the industrialized
countries agree to phase out earlier than the emerging
economies.”
Shelagh Whitley, head of climate and energy at the ODI, said
ministers and leaders meeting in Hamburg in July must heed the
financial sector.
“Global investors and insurers are sending a clear message to
governments that burning public money through fossil fuel
subsidies is not just bad for the planet, but bad economic
policy too,” she said.
A similar call was made by three insurers ahead of last year’s
of G20 nations in China. In repeating their statement they were
joined by a dozen investment groups and insurers. In terms of
wealth managed, the group is equal in size to the world’s
largest public fund - the US Social Security Trust Funds – and
more than three times larger than the largest sovereign wealth
fund, Norway’s.
Foreign ministers from the G20 will meet in Bonn, Germany, later
this week.
HTML http://www.climatechangenews.com/2017/02/15/fossil-fuels-subsidies-jeopardising-climate-deal-say-major-investors/
Agelbert NOTE: The U.S. Trump Fossil Fuel Government's Front
Man, Tillerson
HTML http://www.pic4ever.com/images/acigar.gif
HTML http://www.createaforum.com/gallery/renewablerevolution/3-311013201314.png,<br
/>will, of course, fight common sense policies to phase out foss
il
fuels tooth and nail. If he is successful [img
width=30]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-070814193155.png[/img]<br
/>, we are doomed. :(
[quote]"The fossil fuel industry swallows up $5.3 trillion a
year worldwide in hidden costs to keep burning fossil fuels,
according to the International Monetary Fund (IMF).
This money, the IMF noted, is in addition to the $492 billion in
direct subsidies offered by governments around the world through
write-offs and write-downs and land-use loopholes.
In a sane world these subsidies would be invested to free us
from the deadly effects of carbon emissions caused by fossil
fuels, but we do not live in a sane world. " -- Chris Hedges
[/quote]
[center][img
width=640]
HTML http://renewablerevolution.createaforum.com/gallery/renewablerevolution/3-110217171320.png[/img][/center]
#Post#: 7124--------------------------------------------------
Re: Fossil Fuel Subsidies - The Invisible Ones are Worse Than th
e Obvious Ones!
By: AGelbert Date: May 12, 2017, 10:04 pm
---------------------------------------------------------
[img
width=100]
HTML https://www.cleanenergywire.org/sites/all/themes/clew/logo.png[/img]
[move]German Government plans to phase out support for fossil
fuel heating systems by 2020
HTML http://www.pic4ever.com/images/19.gif[/move]
The federal economy ministry (BMWi) plans to phase out support
for heating systems that run entirely on fossil fuels by 2020,
as part of its new “Energy efficiency and heat from renewable
energies” strategy. [img width=25
height=30]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-080515182559.png[/img]
Industry [img
width=40]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-311013200859.png[/img]<br
/>opposition to the plans is inevitable, Dana Heide writes for
Handelsblatt.
The government aims to “clean up the current parallel, and
sometimes muddled” support for energy efficiency measures in
buildings, Heide says.
In a press release, state secretary Rainer Baake said the plans
“implemented an important measure of Germany’s Climate Action
Plan 2050”. But it remains to be seen if the strategy will be
carried through by a new government after the federal elections
in September, the article says.
HTML https://www.cleanenergywire.org/news/end-fossil-heating-support-nrw-state-vote-key-coal-exit
#Post#: 7413--------------------------------------------------
Re: Fossil Fuel Subsidies - The Invisible Ones are Worse Than th
e Obvious Ones!
By: AGelbert Date: June 30, 2017, 7:20 pm
---------------------------------------------------------
Agelbert NOTE: ALL of the following events are part and parcel
of just ONE aspect of the PREDICTED Catastrophic climate change
activity from having TOO MUCH CARBON DIOXIDE in our Atmosphere.
There will be a LOT MORE of them. This is just the leading edge.
Catastrophic climate Change is HERE NOW.
HTML http://s15.rimg.inf
o/dcda0e08e538cb37431314e6bd49279b.gif Every
COST we incur because of these storms is a HIDDEN SUBSIDY for
the fossil Fuel Fascist Polluters.
HTML http://www.pic4ever.com/images/acigar.gif
Have a nice day. [img
width=30]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-120716190938.png[/img]
[center]
HTML https://youtu.be/bkaChcbYpE8[/center]
[center] [img
width=30]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-300714025419.bmp[/img]<br
/>Sky split open: Moscow hit by ‘downpour of the century’ (VIDEO
S,
PHOTOS) [img
width=30]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-300714025456.bmp[/img]<br
/>
[/center]
Published time: 30 Jun, 2017 15:18
[move][font=courier]Moscow Region has been hit by a powerful
storm that brought heavy torrential rains and hail. The capital
has not seen such a storm in almost 100 years, according to
meteorologists. :o [img
width=50]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-150715183719.png[/img][/font][/move]
HTML https://www.rt.com/news/394826-moscow-storm-hail-rain/
[center] [img
width=240]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-270716175152.png[/img][/center]
[quote author=edpell link=topic=9882.msg134048#msg134048
date=1498865174]
Driving home today (in NY State) I was in the hardest downpour I
have ever seen. I was driving uphill on had 6 inches of water on
the road. There was rain mixed with sleet and small branches.
Two lanes reduced to 5 MPH all with flashers on. Then after
about 15 minutes it stopped.
[/quote]
There will be more of these events and they will occur more
often. They are called microbursts. Their increasing frequency
and duration are part of the predicted Catastrophic climate
Change now arriving thanks to the fossil fuel polluter fascists.
We had a couple of them recently in Vermont:
[quote]Two Microburst Event on 18 May 2017
1.) Introduction:
On 18 May 2017 scattered strong to locally severe thunderstorms
erupted across portions of the Champlain Valley, as well as
parts of central and northern Vermont. A warm, moist, and
unstable air mass was in place from the Eastern Adirondack
Mountains into Vermont with surface temperatures in the mid-80s
to lower 90s. The temperature reached 93 degrees in Burlington,
VT, which tied the all-time record for warmest maximum
temperature for the month of May, along with breaking the daily
maximum temperature for the date. This impressive heat helped to
fuel the afternoon and evening showers and thunderstorms.
This severe weather event had three areas of concentrated that
included Western Addison County on Potash Bay Road, South
Burlington/Williston area, and across the Northeast Kingdom near
Barton, VT. The NWS Burlington Office determined from a storm
survey the damage which destroyed a camp and knocked down trees
and powerlines on Potash Bay Road in the town of Addison, VT was
caused by a microburst with estimated wind speeds of 80 to 100
mph. Another microburst occurred in South Burlington causing
trees and power lines to come down, along with a measured 58 mph
wind gust at Burlington International Airport, before we lost
power to the observing equipment. Additional damaging
thunderstorm wind gusts blew over a tractor trailer in Barton,
VT with areas of trees and powerlines down in parts of the
Northeast Kingdom. Figure 1 below shows a plot of storm reports
across the North Country on 18 May 2017.
See Appendix A for entire listing of severe weather reports
received by NWS BTV.
[/quote]
Read more at link:
HTML http://www.weather.gov/media/btv/events/2017-05-18%20Microbursts/summary.pdf
HTML http://www.weather.gov/media/btv/events/2017-05-18%20Microbursts/summary.pdf
[center][img
width=340]
HTML http://renewablerevolution.createaforum.com/gallery/renewablerevolution/3-110217171320.png[/img][/center]
[move][I][font=impact]The Fossil Fuelers DID THE Climate
Trashing, human health depleting CRIME,[COLOR=BROWN] but since
they have ALWAYS BEEN liars and conscience free crooks, they are
trying to AVOID [/color] DOING THE TIME or PAYING THE FINE!
Don't let them get away with it! Pass it on!
HTML http://www.pic4ever.com/images/176.gif
[/font][/I][/move]
#Post#: 7541--------------------------------------------------
Re: Fossil Fuel Subsidies - The Invisible Ones are Worse Than th
e Obvious Ones!
By: AGelbert Date: July 23, 2017, 10:28 am
---------------------------------------------------------
HTML http://www.youtube.com/watch?feature=player_embedded&v=kY-ZnpWbJdw
The fossil fuel industry is NOT PAYING IT; [i]WE ARE![/I]
HTML http://www.pic4ever.com/images/minzdr.gif
HTML http://www.pic4ever.com/images/2mo5pow.gif
[img
width=110]
HTML http://www.pic4ever.com/images/acigar.gif[/img]http://www.pic4ever.com/images/swear1.gif
#Post#: 7604--------------------------------------------------
Re: Fossil Fuel Subsidies - The Invisible Ones are Worse Than th
e Obvious Ones!
By: AGelbert Date: July 31, 2017, 7:53 pm
---------------------------------------------------------
[center]The Republican Crocodile Tear "Tax Reform" SCAM
HTML http://www.pic4ever.com/images/mocantina.gif
to get more SWAG
for Rich Corporate Welfare Queens [/center]
[center]"Skinny Repeal" Failed ;D, So Watch Out for "Tax
Reform" Next (w/Congressman Keith Ellison)[/center]
[center]
HTML https://youtu.be/Ab6ZtAdPQfw
HTML https://youtu.be/Ab6ZtAdPQfw[/center]
July 28, 2017
Thom is joined by Congressman Keith Ellison (D-MN, 5th District,
Deputy Director - DNC) to talk about the failure of "Trumpcare"
and what tricks republicans will be up to next that we'll need
to shut down.
Congressman Ellison and Senator Sanders will counter the
Republican attempt to cut more money from badly needed social
services by offering a bill that REALLY can cut Government costs
a LOT (but the Repukians will be quiet as DEATH about that
OBVIOUSLY excellent TAX REFORM Bill because it CUTS the subsidy
SWAG from the fossil fuel "Industry" polluter WELFARE QUEENS).
[center][img
width=230]
HTML https://s-media-cache-ak0.pinimg.com/736x/05/c7/d8/05c7d881009dec85c4f24ed8561bf288.jpg[/img][/center][move][/move]
Yeah, I know. The Bought and paid fors like Pelosi and the other
Blue Dog and Bitch Devilcrats will not support the
Sanders/Ellison Bill either.
HTML http://www.createaforum.com/gallery/renewablerevolution/3-200714183337.bmp
[move]Sorry Grandma. Meals on wheels was just cancelled so that
subsidies for our loyal servants, the Fossil Fuel Industry,
would not be. Have another banana, Grandma.[img
width=30]
HTML http://www.createaforum.com/gallery/renewablerevolution/3-120716190938.png[/img][/move]
[center][img
width=300]
HTML http://www.ncc-1776.org/tle-pics/Flag_of_the_United_States.png[/img][/center]
#Post#: 8117--------------------------------------------------
Re: Fossil Fuel Subsidies - The Invisible Ones are Worse Than th
e Obvious Ones!
By: AGelbert Date: October 14, 2017, 4:02 pm
---------------------------------------------------------
[center]The U.S. Tax Code — $4.6 Billion In U.S. Oil Company
Subsidies
HTML http://www.pic4ever.com/images/acigar.gif
[img
width=50]
HTML http://www.smilies.4-user.de/include/Spiele/smilie_game_017.gif[/img]<br
/>
HTML http://www.pic4ever.com/images/2z6in9g.gif
Per Year [/center]
October 14th, 2017 by Cynthia Shahan
In a new study of 800 undeveloped U.S. oil fields, researchers
found that about half of the fields will never go into
production … if oil company tax breaks are taken out of the
picture. In related matters, without a shadow of a doubt,
renewable energy offers jobs. Renewable energy offers jobs with
a future — not temporary part-time work, but jobs that are
probably sustainable well on into the future.
Obama was supporting such policies — an end to oil and other
fossil fuel subsidies, solar power for low- and moderate-income
families that also created jobs, a program to train 25,000
veterans for new solar jobs, and much more. He was pushing for a
fresher, more productive future.
What person does not want pure air to breathe, clean water to
drink, a future for their children that makes them less likely
to get cancer, heart problems, etc.? Yet, we still have oil
subsidies — taxpayers covering oil company costs in a variety of
ways.
“In a new study Monday in Nature Energy, SEI researchers looked
at newly discovered U.S. oil fields that have not yet been put
into production — all 800 of them,” Tim McDonnell of The
Washington Post reports.
[quote]“The researchers found that about half of these
undeveloped fields would never go into production, (assuming an
oil price of $50 per barrel, close to where it is today) — if
oil company tax breaks are taken out of the picture. The study
is based on the current range of subsidies and doesn’t account
for changes that could result from the new GOP plan.
“But [size=12pt]if the range of subsidies offered today remain,
those new wells could produce up to 17 billion barrels over the
next few decades, SEI found, which in turn would produce around
six gigatons of carbon dioxide. To meet the goal set out under
the Paris climate agreement to keep warming ‘well below 2
degrees C above pre-industrial levels,’ the United States can
emit no more than 30 to 45 gigatons of CO2 between now and
2050.”[/size][/quote]
A society of sustainable, productive work in clean energy is
inspiring. Instead, sacrificing jobs, the economy, and American
health and well-being, the current White House wants to go in
the wrong direction. It is something akin to the infamous
delusion of a young, uneducated queen saying, “Let them eat
cake.” That is what the administration sounds like too many days
of the week. Fortunately, useful information continues to
stream.
[img
width=70]
HTML http://www.funny-emoticons.com/files/funny-animals/blue-bird-emoticons/801-listen-up!.png[/img]This<br
/>is how you create jobs:
[center][img
width=640]
HTML https://c1cleantechnicacom-wpengine.netdna-ssl.com/files/2016/12/IRENA-jobs-in-renewable-energy.png[/img][/center]
[center][img
width=640]
HTML https://c1cleantechnicacom-wpengine.netdna-ssl.com/files/2017/04/US-Wind-Energy-Jobs-AWEA.png[/img][/center]
Tax reform is a vitally important issue. It can help fight
climate change. McDonnell clearly points out, “Just not the kind
of tax reform Trump and Republicans are proposing.”
Going on: “the oil industry is still calling it a win, citing
proposals that would make it easier for oil companies to recover
their investments in exploration and to shield profits earned
from drilling overseas, in addition to lowering the corporate
tax rate to 20 percent.”
Can someone please ask Trump on what kind of planet he sees his
grandchildren and great-grandchildren living if he continues to
ignore clean air initiatives?
Maybe an imploding planet is a metaphor for the president’s
state of health.
[center][img
width=640]
HTML https://c1cleantechnicacom-wpengine.netdna-ssl.com/files/2015/12/oiled-bird-3_l1.jpg[/img][/center]
“The tax blueprint also expands Trump’s reversal of Obama-era
climate measures. In 2009, President Barack Obama joined other
Group of 20 leaders in a pledge to phase out fossil fuel
subsidies eventually. The GOP tax plan gives little indication
of keeping that commitment — and that could have significant
implications for U.S. oil production and the climate.”
Backwards, backwards, backwards — into a quicksand of confusion
and tragedy for the well-being of the general population. This
heartless tax shelter for the profiteers of future pre-existing
conditions — and not a few dollars to help hungry children in
schools. Ignoring solar job potential while subsidizing some of
the richest companies in the world.
McDonnell continues, “Already, the U.S. oil industry benefits
from a dozen specialized subsidies adding up to about $4.6
billion per year, according to a 2015 review by the Obama
administration. Among other things, the subsidies reduce the
costs of labor and equipment involved in drilling — and shield
some of the profits earned on the oil itself. Those tax breaks
and other subsidies don’t just help the industry a little bit.
In many cases, they determine whether it’s even worth drilling
in the first place, according to a study earlier this year from
the Stockholm Environment Institute, a nonprofit research
organization.
Without federal and state subsidies, nearly half of U.S. oil
production — about 45 percent — would be unprofitable at current
prices, the researchers found. So, unless oil prices go
rocketing up, reducing or eliminating those subsidies would
likely lead to a significant reduction in oil production over
time".
HTML https://cleantechnica.com/2017/10/14/u-s-tax-code-4-6-billion-u-s-oil-company-subsidies-per-year/
Agelbert NOTE: These God Damned (and I'm not swearing here)
Fossil Fuel Polluter WELFARE QUEENS go out of business or most
humans die, PERIOD.
[center]
[img
width=640]
HTML http://renewablerevolution.createaforum.com/gallery/renewablerevolution/3-280817124413.png[/img][/center]
*****************************************************
DIR Previous Page
DIR Next Page