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The Forum > General Discussion > Norway has been taxing the profits of its oil and gas sector at 78%.

Norway has been taxing the profits of its oil and gas sector at 78%.

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WTF,

What subsidies? More left whinge BS. There have been no subsidies.
Posted by shadowminister, Monday, 11 September 2023 12:14:34 PM
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WTF?

shadowminister asks: "What subsidies? More left whinge BS. There have been no subsidies."

However, in the "Fossil Fuel Subsidies in Australia 2023" report we can find the following:

"In 2022–23, Australian Federal and state governments provided a total of $11.1 billion worth of spending and tax breaks to assist fossil fuel industries."

Also ". This year’s figure represents a 5% decline on last year’s, but subsidies in the forward estimates have increased from $55.3 billion to a record $57.1 billion."
Posted by WTF? - Not Again, Monday, 11 September 2023 3:14:59 PM
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It is a subsidy for the user, not the producer, and mainly because farmers and miners for the most part have their equipment in mines and farms, not on roads. In return we get food, employment and an economy. Renewable energy gets over seven billion a year in subsidies. It goes into their pockets, but they keep quiet about that. In return for the false promises of cheap and abundant power you get costly erratic power and a ruined economy. You might also consider how much revenue the government gets from the fossil fuel industry, because they only get a pack of lies from the renewable energy spivs.
Posted by Fester, Monday, 11 September 2023 4:32:11 PM
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And when all the wind and solar installations of the renewable energy con become toxic rubbish, guess who gets the cleanup bill?
Posted by Fester, Monday, 11 September 2023 4:43:40 PM
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Fester says:

"You might also consider how much revenue the government gets from the fossil fuel industry."

Well according to the publishers of the "Fossil Fuel Subsidies in Australia 2023" report:

"In stark contrast, Australia’s oil and gas industry received billions of dollars worth of taxpayer-funded subsidies and the huge surge in revenue to the industry has not resulted in a similar jump in tax revenue".

Also: "guess who gets the cleanup bill?"

Well according to the The US Environmental Protection Agency the cost of wind generation is calculated from pre-mining and collection of resources up to and including complete clean up and disposal.

Their calculations show the opportunities for economic investment.

So you will not have to worry about that bill.
Posted by WTF? - Not Again, Monday, 11 September 2023 5:30:14 PM
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WTF

How many billions of dollars worth of fossil fuels did Australia export last year? How many billions of dollars in economic activity did the revenue from fossil fuels generate last year?

I can tell you how much renewable energy we exported last year. You might also consider the economic impacts of higher energy costs as the reality is very different to the copious lies about how cheap and plentiful renewable energy would be.

Renewable energy is a gigantic con job. You could learn about why we need dispatchable energy and why wind and solar are not dispatchable energy sources. You might also learn about the low capacity factors and high variability of wind and solar, then compare them with the low cost of dispatchable, high capacity nuclear power, something that the renewable energy crooks don't want you to see. Last time I checked, German renewable energy was three times the cost of French nuclear.
Posted by Fester, Monday, 11 September 2023 8:38:23 PM
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