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Subsidies for big oil

Subsidies for big oil | OIL COMPANIES RECEIVE TAX CREDITS
FOR CARBON CAPTURE THROUGH
"INFLATION REDUCTION ACT"; CARBON CAPTURE IS
AN EXPENSIVE FAILURE
COSTING TAXPAYERS MILLIONS | image tagged in climate change | made w/ Imgflip meme maker
89 views 9 upvotes Made by CraigThompson 4 weeks ago in politics
10 Comments
3 ups, 4w,
2 replies
If a business needs a subsidy then it shouldn't be in business.
0 ups, 3w
The entire oil industry has been subsidized since its inception, to the point that what you're paying at the gas station is literally HALF what the rest of the planet generally pays for the same amount. That's why instead of driving around in his & hers SUVs, they're literally packed in little tiny toys autos that make Toyotas look like monster trucks.
0 ups, 3w
They are subsiding the right to steal land that a owner paid taxes on. Makes a lot of sense.... All for a profit and death sentence.
1 up, 4w
Climate change is a scam... follow the money
0 ups, 4w,
1 reply
Let alone the carbon pipelines that move this carbon gas .. which will be fracked back into the ground for storage have no safety regulations, and have imploded causing people in Louisiana to be exposed turning them into zombies upon exposure, stopping their cars from running giving them no way to escape, and no way for emergency personal to access the area, along with suffocation and extensive health problems, and for some reason the Democrats green new deal is all about eminate domain, jeopardizes families and people, and allowing these corporations to steal from farm owners so the ethonal makers have a place to put their toxic waist. A green new deal would make sense if it included public transportation, incentives for people to grow their own food, subsiding personal green houses for home owners, or a tax credit for driving less, not a tax incentive for industrial giants to produce and store industrial waist. Totally ass backwards when it comes to Biden and Harris understanding the real implications these industrial thugs have on the environment. Any pipeline is only going to contribute to the future environmental issues. It's not like the ground moves or anything like that... They wouldn't put it above ground because everyone would then see the uglyniss of what's lying underneath them.
0 ups, 4w,
1 reply
Let alone the industrial areas of some states are being overwhelmed with new plants making God knows what and stinking up the whole state turning it into a toxic fart, while nobody knows what is making the smell, but it's quite obvious If you know what is going on and you look at all the new industries building plants and littering the landscape with toxic powerhouses.
2 ups, 4w,
1 reply
There's a lot of controversy around carbon capture, land taken by eminent domain, local rescue workers not trained to deal with CO2 pipelines, percentage of carbon capture vs. cost, CO2 used to extract more oil, etc. It's a stupid government program paid for by creating more debt, and yes, oil companies are benefiting from these tax breaks (subsidies).
0 ups, 3w,
1 reply
Oil is already heavily subsidized, as it has been since the industry began.
We pay half in the US than what other countries do.
0 ups, 3w,
1 reply
I found no other subsidies (tax breaks) other than carbon capture. Please post evidence of subsidies/tax breaks. I know there has always been corruption with drilling leases, but I would not call that a subsidy.
0 ups, 3w
Well you sure convinced me with that denial.
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EXTRA IMAGES ADDED: 1
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  • carbon-capture.avif
  • IMAGE DESCRIPTION:
    OIL COMPANIES RECEIVE TAX CREDITS FOR CARBON CAPTURE THROUGH "INFLATION REDUCTION ACT"; CARBON CAPTURE IS AN EXPENSIVE FAILURE COSTING TAXPAYERS MILLIONS