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Fact Sheet: Fossil Fuel Subsidies: A Closer Look at Tax Breaks and Societal Costs

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According to this article, subsidies to the fossil fuel industries provided the cheap energy which grew our economy so well for over a hundred years. They now say that fossil fuel companies no longer need the subsidies but renewables still do.Fact Sheet: Fossil Fuel Subsidies: A Closer Look at Tax Breaks and Societal CostsFact Sheet: Fossil Fuel Subsidies: A Closer Look at Tax Breaks and Societal Costs

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According to this article, subsidies to the fossil fuel industries provided the cheap energy which grew our economy so well for over a hundred years. They now say that fossil fuel companies no longer need the subsidies but renewables still do.

Fact Sheet: Fossil Fuel Subsidies: A Closer Look at Tax Breaks and Societal Costs

Fact Sheet: Fossil Fuel Subsidies: A Closer Look at Tax Breaks and Societal Costs

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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