Reports Grapple With ‘Subsidies,’ Tax Revenue Linked To Fossil Fuels

January 25, 2024
Amid the transition from fossil fuels toward lower-carbon energy sources, environmentalists and other researchers are grappling with various government financial supports for fossil fuel development as well as local tax revenue derived from such projects that energy-dependent communities rely on for basic services. Changes to these revenue flows could ultimately affect the speed and scale of the energy transition -- either by discouraging investment in fossil fuel projects or easing the ability of local economies to recover from reduced production...

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