Wind now competes with fossil fuels. Solar almost does.Why do I say this is stupid? It sounds awesomely sweet, doesn't it? A green dream come true.
Except it's only true if you neglect one niggling little fact: that wind and solar power are massively subsidized by government, while fossil fuels are massively penalized.
It's as if they're saying that Mercedes-Benz limousines cost no more than a Ford Focus, and forget to mention that the government (with your tax dollars!) is paying a $150,000 subsidy for each of those Mercedes-Benzs.
Why, it's almost as if they writers (in Fortune magazine, no less) think we're all stupid or something!
Oh, wait...
while fossil fuels are massively penalized.
ReplyDeleteReally? https://en.wikipedia.org/wiki/Energy_subsidies#United_States
Yes, really. Those subsidies are, of course, real - and there are other things that might be considered fossil fuel subsidies as well. However, those dwarfed by the taxes imposed on fossil fuels.
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