Live data from Hacker News

Just 10% of fossil fuel subsidy cash 'could pay for green transition'

theguardian.com

21–25 of 25 posts

Re: Just 10% of fossil fuel subsidy cash 'could pay for green transition'

#21
post #8

Earlier quoted context omitted.

Or sell those assets now before they depreciate: divest from fossil fuel and invest in in sustainable energy.

Sell them to who?

Someone who likes to buy small-cap-value companies. This person could be domestic or overseas and might not care about US corporate negative externalities; just the dividend yield.

Re: Just 10% of fossil fuel subsidy cash 'could pay for green transition'

#22
post #3

Earlier quoted context omitted.

Lots of high-paying jobs would immediately be eliminated. Millions of people driving gas cars would see prices go up a lot. Airline tickets, plastic products... the prices of everything would go up. There would also be big national security concerns. It's hard to hold, for example, Saudi Arabia accountable for misdeeds when your economy depends on them. For the record, I think the US should do this gradually. Some of…

Let's not forget all the senior citizens who rely on income from investments in fossil fuel companies, this includes most of the parents of the under 45 who like to say, "screw the oil companies"

If those senior citizens have index funds or mutual funds, they'll be fine because the indexes automatically rebalance to the companies with the highest market caps.

Re: Just 10% of fossil fuel subsidy cash 'could pay for green transition'

#23
post #14

What would the impact be if we just eliminate fossil fuel subsidies?

over 50% of society would die of starvation?

Due to crop losses from dying pollinators, pest increases, crops producing unviable pollen, and stagnant plant growth?

Re: Just 10% of fossil fuel subsidy cash 'could pay for green transition'

#24

Earlier quoted context omitted.

Let's not forget all the senior citizens who rely on income from investments in fossil fuel companies, this includes most of the parents of the under 45 who like to say, "screw the oil companies"

They can literally put in a sell order at any time

If they are self directed, yes.

Re: Just 10% of fossil fuel subsidy cash 'could pay for green transition'

#25
post #23
post #14

Earlier quoted context omitted.

over 50% of society would die of starvation?

Due to crop losses from dying pollinators, pest increases, crops producing unviable pollen, and stagnant plant growth?

Due to people not being able to afford the food. Modern farming could be summarized as a giant fossil fuel->food conversion apparatus. Not to mention distribution on top of that.
Post reply on HN