Fossil fuels subsidised by $10m every minute, says IMF

[ScienceRocks]

Fossil fuels subsidised by $10m every minute, says IMF

‘Shocking’ revelation finds $5.3tn subsidy estimate for 2015 is greater than the total health spending of all the world’s governments

Fossil fuel companies are benefitting from global subsidies of $5.3tn (£3.4tn) a year, equivalent to $10m a minute every day, according to a startling new estimate by the International Monetary Fund.

The IMF calls the revelation “shocking” and says the figure is an “extremely robust” estimate of the true cost of fossil fuels. The $5.3tn subsidy estimated for 2015 is greater than the total health spending of all the world’s governments.

The vast sum is largely due to polluters not paying the costs imposed on governments by the burning of coal, oil and gas. These include the harm caused to local populations by air pollution as well as to people across the globe affected by the floods, droughts and storms being driven by climate change.

Get rid of this and I'll think about doing the same for renewables!

 

[Old Rocks]

And even with that, the renewables are winning on the basis of economics. Sunlight and wind are free.

 

[Shrimpbox]

I'm with you on a lot of things M but this one is bogus big time.

 

[Mr. H.]

These include the harm caused to local populations by air pollution as well as to people across the globe affected by the floods, droughts and storms being driven by climate change.

Time to start burning wood like the good ol' days.

There is no proof that the burning of fossil fuels contributes to global warming.

There is no proof that man-made global warming even exists.

 

[Luddly Neddite]

If you think about it, being dependent on oil for our energy is just plain stupid. Its what we get for letting 1% make the rules.

Much of the rest of the world is showing us how its done but this is the US. We can't lead the way because we've got to spend our money to buy more planes that don't work and tanks we'll never use.

 

[Shrimpbox]

Where are the dead birds from windmills luddy? You can't clean them up and send them on their way.

 

[Mr. H.]

The "green" and "renewable" industries could not exist as they do today without hydrocarbons.

 

[Manonthestreet]

The "green" and "renewable" industries could not exist as they do today without hydrocarbons.

Exactly ,,,end of discussion. Just another attempt to lie to the public

 

[Toddsterpatriot]

Fossil fuels subsidised by $10m every minute, says IMF

‘Shocking’ revelation finds $5.3tn subsidy estimate for 2015 is greater than the total health spending of all the world’s governments

Fossil fuel companies are benefitting from global subsidies of $5.3tn (£3.4tn) a year, equivalent to $10m a minute every day, according to a startling new estimate by the International Monetary Fund.

The IMF calls the revelation “shocking” and says the figure is an “extremely robust” estimate of the true cost of fossil fuels. The $5.3tn subsidy estimated for 2015 is greater than the total health spending of all the world’s governments.

The vast sum is largely due to polluters not paying the costs imposed on governments by the burning of coal, oil and gas. These include the harm caused to local populations by air pollution as well as to people across the globe affected by the floods, droughts and storms being driven by climate change.

Get rid of this and I'll think about doing the same for renewables!

The vast sum is largely due to polluters not paying the costs imposed on governments by the burning of coal, oil and gas. These include the harm caused to local populations by air pollution

And after we subtract out the benefit of cheap, reliable energy, the subsidy number drops below zero. Fucking morons.

as well as to people across the globe affected by the floods, droughts and storms being driven by climate change

You forgot to mention the tears of Mother Nature. LOL!

Get rid of this and I'll think about doing the same for renewables!

We'll stop the imaginary $5.3 trillion in subsidies and then we can stop wasting actual money on stupid, unreliable "green energy". It's a deal!

 

[Toddsterpatriot]

“This very important analysis shatters the myth that fossil fuels are cheap by showing just how huge their real costs are. There is no justification for these enormous subsidies for fossil fuels, which distort markets and damages economies, particularly in poorer countries.”

Fossil fuels are much worse than burning dried cow dung. LOL!

All the morons who want to stop using fossil fuels, just fucking do it already and stop whining.

 

[Mr. H.]

“This very important analysis shatters the myth that fossil fuels are cheap by showing just how huge their real costs are. There is no justification for these enormous subsidies for fossil fuels, which distort markets and damages economies, particularly in poorer countries.”

Fossil fuels are much worse than burning dried cow dung. LOL!

All the morons who want to stop using fossil fuels, just fucking do it already and stop whining.

You first.

They paddle their plastic kayaks into the Seattle bay to protest hydrocarbons.

 

[CrusaderFrank]

Liberals need to get off the grid

 

[Mr. H.]

If you think about it, being dependent on oil for our energy is just plain stupid.

We get it- you hate humanity.

There s more in a barrel of oil than just gasoline ExxonMobil s Perspectives Blog

 

[ScienceRocks]

Liberals need to get off the grid

Oregon uses nearly 70% renewables...Hydro, wind, solar, geo-thermal! I am not at all against using some fossil fuels when need be, but to rely totally on them is stupid.

 

[JiggsCasey]

Fossil fuels are much worse than burning dried cow dung. LOL!

All the morons who want to stop using fossil fuels, just fucking do it already and stop whining.

Are you aware of how retarded this argument truly is? Or is it lost on you?

It's almost as dumb as the "don't like it? move to Canada" bit of rationalization that cons attempt.

 

[Remodeling Maidiac]

And even with that, the renewables are winning on the basis of economics. Sunlight and wind are free.

Free? LMAO

Free for who exactly?

The producer perhaps, after the billions invested to harness it, if you consider that FREE.

 

[Remodeling Maidiac]

Liberals need to get off the grid

Oregon uses nearly 70% renewables...Hydro, wind, solar, geo-thermal! I am not at all against using some fossil fuels when need be, but to rely totally on them is stupid.

No, you are stupid.

You gonna haul my material to the jobsite on sunbeams & rainbows?

Don't you dumbfucks realize if this industry was viable investors would be scrambling to turn a profit off of it....

 

[Old Rocks]

Not only are they scrambling to invest in it, they are manufacturing the batteries right now that are going to make wind and solar 24/7. And wind are solar are both cheaper than dirty coal or gas for generation. Within a generation you will be using an EV truck to haul your materials. Cheaper to operate, cheaper to maintain, and better torque where you need it for a truck. Win, win for everyone but the fossils that cannot stand change.

 

[CrusaderFrank]

Fossil fuels subsidised by $10m every minute, says IMF

‘Shocking’ revelation finds $5.3tn subsidy estimate for 2015 is greater than the total health spending of all the world’s governments

Fossil fuel companies are benefitting from global subsidies of $5.3tn (£3.4tn) a year, equivalent to $10m a minute every day, according to a startling new estimate by the International Monetary Fund.

The IMF calls the revelation “shocking” and says the figure is an “extremely robust” estimate of the true cost of fossil fuels. The $5.3tn subsidy estimated for 2015 is greater than the total health spending of all the world’s governments.

The vast sum is largely due to polluters not paying the costs imposed on governments by the burning of coal, oil and gas. These include the harm caused to local populations by air pollution as well as to people across the globe affected by the floods, droughts and storms being driven by climate change.

Get rid of this and I'll think about doing the same for renewables!

Do you ever bother to read the stupid shit you link to?

"The vast sum is largely due to polluters not paying the costs imposed on governments by the burning of coal, oil and gas. These include the harm caused to local populations by air pollution as well as to people across the globe affected by the floods, droughts and storms being driven by climate change."

 

[Toddsterpatriot]

Fossil fuels are much worse than burning dried cow dung. LOL!

All the morons who want to stop using fossil fuels, just fucking do it already and stop whining.

Are you aware of how retarded this argument truly is? Or is it lost on you?

It's almost as dumb as the "don't like it? move to Canada" bit of rationalization that cons attempt.

Are you aware of how retarded this argument truly is?

I agree, the liberal argument about "the real costs" of fossil fuel is idiotic.

It's almost as dumb as......

Al Gore telling the plebes to cut their carbon footprint while he uses more oil than a small village.