<
https://cleantechnica.com/2024/09/02/who-is-paying-to-subsidize-oil-companies-you-are/>
"On August 27, 2024, Oil Change International published a report that details
the amount of money being spent by various governments around the world to
promote carbon capture and various hydrogen schemes, technologies it claims are
a waste of money, time, and effort. That report, entitled “Funding Failure:
Carbon Capture and Fossil Hydrogen Subsidies Exposed,” reveals how governments
in North America and Europe are preparing to waste hundreds of billions of
taxpayer dollars on these ineffective technologies, further benefiting the
fossil fuel industry, despite their record profits.
“The fossil fuel industry delays climate action, distracts from real solutions
that would end the fossil fuel era, and does everything in its power to squeeze
the last drops of profit from a dying industry, at the expense of all of us,”
the report claims. “Carbon capture and hydrogen subsidies prolong the fossil
fuel industry, boosting corporate profits and reversing progress on shifting
public finance for dirty energy to pay for a just energy transition. Although
carbon capture projects are failing, they are being used to justify fossil fuel
expansion diverting investment from existing and effective alternatives like
renewables, energy storage, and energy efficiency."
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
