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Oil CEO says blaming the energy industry for the climate crisis ‘like blaming farmers for obesity’ (www.cnbc.com)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 11 months ago* (last edited 11 months ago) (2 children)

There's more than just corn like that

I grew up on a tobacco farm, when it's sells it sells like an auction. If no one buys your crop, the government bought it for a set price and threw it in a warehouse in case we "ran out" of tobacco between harvests and companies wanted to buy more or some shit

But that's not even really a subsidy, so I'm not sure why you're talking about it.

[–] [email protected] 20 points 11 months ago* (last edited 11 months ago)

A subsidy is a direct or indirect payment to individuals or firms, usually in the form of a cash payment from the government or a targeted tax cut.

I would say that a government guaranteed price floor would count as a subsidy, especially on a luxury/vice product like tobacco.

[–] [email protected] 4 points 11 months ago

Not sure what the mixup is but it's a subsidy.