The oil industry is the most profitable and well-established industry in the world, they don’t need more subsidies! Oil companies have already benefited from more than 100 years of government support, they have accumulated trillions of dollars worth of infrastructure and capital, and they continue to earn hundreds of billions of dollars a year year. The oil industry already has a massive advantage over competing sources of energy. Governments should be working to level the playing field and encourage clean energy instead of protecting the interests of oil companies. Read more...
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