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https://theconversation.com/for-decades-governments-have-subsidised-fossil-fuels-but-why-213467>
"Even now, decades after we first began trying to avert the worst of global
warming, more than 80% of the world’s total energy comes from fossil fuels.
You might think this would make fossil fuel production extremely profitable.
But it’s not always the case. Much of the most accessible oil has already been
extracted and burned. Many countries want to shore up domestic sources of
fossil fuels to boost energy security. Energy price fluctuations and
competition from new energy sources such as solar, wind and fossil gas have
made it harder for some fossil fuel companies to make money, especially in
coal.
This is where fossil fuel subsidies come in. Australia gave A$14.5 billion in
subsidies to major fossil fuel producers and consumers in 2023–24 alone.
You might have wondered – why would some of the largest companies on Earth need
subsidies? Here’s why."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
