[SilasX]

Yes, I do begrudge the dickens out of people who insist that being able to deduct oil exploration costs is an unfair "subsidy" to oil and whose removal would instantly turbocharge renewables by itself.

Letting companies deduct expenses like everyone else is not a subsidy.

It's like it's become part of the common mythos, that US oil companies get massive cash subsidies that are the sole reason they're not beaten by renewables, but the moment you apply any scrutiny it falls apart.

(Environmental concerns are legit, but the lack of better regulation is a non-standard usage of "subsidy" and people go further to claim that tax-deductions-everyone-gets are subsidies.)

[lostlogin]

Do not think that some industries should be disincentivised and others incentivised?

[SilasX]

I think specific activities, irrespective of industry, should have their external costs priced in.

I don't think that failure to do so the same thing as a cash subsidy.

[lostlogin]

So stick approach rather than a carrot? If that’s what you mean I think I prefer this.