UN chief asks wealthy nations to impose windfall taxes on fossil fuel industry
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Re: UN chief asks wealthy nations to impose windfall taxes on fossil fuel industry
#2Pay a tax and cut more trees.
Re: UN chief asks wealthy nations to impose windfall taxes on fossil fuel industry
#3I’ll bite.
One impact here would be to reduce future investment in fossil fuels which will increase future prices. Because why would you invest?
So setting up for future higher prices.
Re: UN chief asks wealthy nations to impose windfall taxes on fossil fuel industry
#4If you can do it in every country then I am all for it.
If you do it in your country but your neighbouring country doesn't, then the companies will simply move and things will just get more expensive.
Re: UN chief asks wealthy nations to impose windfall taxes on fossil fuel industry
#5[deleted]
Re: UN chief asks wealthy nations to impose windfall taxes on fossil fuel industry
#6I’ll bite. One impact here would be to reduce future investment in fossil fuels which will increase future prices. Because why would you invest? So setting up for future higher prices.
Do you want people to invest in tools to extract and burn all fossil fuels as quickly as possible or alternatives to fossil fuels? I would prefer the latter which means high taxes on fossil fuels and/or subsidies on its alternatives to push investment.
Re: UN chief asks wealthy nations to impose windfall taxes on fossil fuel industry
#7No post body was provided.
Re: UN chief asks wealthy nations to impose windfall taxes on fossil fuel industry
#8I’ll bite. One impact here would be to reduce future investment in fossil fuels which will increase future prices. Because why would you invest? So setting up for future higher prices.
Do you want people to invest in tools to extract and burn all fossil fuels as quickly as possible or alternatives to fossil fuels? I would prefer the latter which means high taxes on fossil fuels and/or subsidies on its alternatives to push investment.
[deleted]
Re: UN chief asks wealthy nations to impose windfall taxes on fossil fuel industry
#9I’ll bite. One impact here would be to reduce future investment in fossil fuels which will increase future prices. Because why would you invest? So setting up for future higher prices.
Do you want people to invest in tools to extract and burn all fossil fuels as quickly as possible or alternatives to fossil fuels? I would prefer the latter which means high taxes on fossil fuels and/or subsidies on its alternatives to push investment.
What's the alternative? We've had renewable investments for a while now. People have been swearing up and down how renewables are cheaper and better alternatives and yet... We're in an energy crisis now, because we're not getting enough fossil fuels to burn.
Re: UN chief asks wealthy nations to impose windfall taxes on fossil fuel industry
#10Earlier quoted context omitted.
Do you want people to invest in tools to extract and burn all fossil fuels as quickly as possible or alternatives to fossil fuels? I would prefer the latter which means high taxes on fossil fuels and/or subsidies on its alternatives to push investment.
What's the alternative? We've had renewable investments for a while now. People have been swearing up and down how renewables are cheaper and better alternatives and yet... We're in an energy crisis now, because we're not getting enough fossil fuels to burn.
Renewables are cheaper (and plentiful). If you choose to not build them, no one will shed a tear when you get punched in the face. How’s Germany’s “nuclear turndown and be beholden to Russian gas” policy working out?
Regardless, stop subsidizing fossil fuels. There is no reason not to resource an energy transition and electrification of everything effort as if it was a war effort. To not do so is, clearly, full of economic peril.