Jo Nova on the fossil fuel "subsidies"
Sep 17, 2012
Bishop Hill in Economics, Energy: gas, Energy: oil, Tax

Jo Nova has done an indepth analysis of the "fossil fuels are subsidised" argument, knowingly and misleadingly promoted by environmentalists and their political friends around the world.

Groups like Greenpeace and The Australian Conservation Foundation argue that really, Governments are helping fossil fuel companies far more than green ones. But while governments rewrite national economies to help “green” companies, about half of the help for fossil fuels is simply that the government didn’t take as much off them as it could. The net flow of money is still from Big-Fossil-Energy towards Big-Government. It takes a special kind of grand entitlement to call that a subsidy.

A must-read.

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