Burning stuff seems to be on the minds of lots of people today. On September 10, Bloomberg contributor Mark Gongloff, whose resumé includes stories for Fortune, Huffington Post, and the Wall Street Journal, penned a piece with another startling headline, this one being:
“The US Is Giving Away $35 Billion a Year to Cook the Planet”
Why would America do that? Because the beneficiaries have the government in their pocket? That is one possible explanation. If that sounds more like a Mafia shakedown than a government, you’re not far wrong. The price of US government subsidies for the fossil fuel industry has more than doubled in the last eight years, Gongloff wrote, and added, “Welfare for an industry that makes billions of dollars in profits and pollutes the climate is worse than useless. It’s self-destructive.”
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