Because I think what most people consider a subsidy is public use, public resources going to an industry or corporation. And in 2022 alone, we're looking at 10 to 52 billion dollars in direct subsidies. Anywhere between, again, depending on how you count it, $1.5 to $7 trillion globally in the fossil fuel industry receiving subsidy. in addition to tax breaks, in addition to also public lands. I was the chair of the Energy and Mineral ranking member of the Chair and Energy Mineral Resources Subcommittee … (01:12–01:24)
CLAIM
Asserts that globally, the fossil fuel industry receives $1.5 to $7 trillion in subsidies.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
