Top US Politician: Redirect Oil Rents to Non-Fossil Fuel
|April 5, 2014||Posted by Staff under Rent recovery or avoidance, Subsidies & Waste & Public Debt|
This 2014 excerpt of ZMEscience, Mar 19, is by Mihai Andrei.
If you look at the global annual earnings of all time for all companies, the top 5 spots are all occupied by Exxon Mobil – the world’s largest private company. In 2008, they made $45.22 billion. More recently, in 2011 they made $41 billion. In the same year, Shell made over $31 billion. Chevron made almost $27 billion. So why in the world are these companies being subsidized?
Ed. Notes: For the above to ever happen, you have to get everyone you know to demand such a sensible policy. Of course, it might be more sensible to not let politicians invest in alternative energy and simply to de-tax it. But one must compromise in politics.