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Analysis: Fossil Fuel Tax Programs to Cut Emissions Lead to Lots of Industry Profit, Little Climate Action

Read time: 12 mins
By Justin Mikulka • Sunday, April 4, 2021 - 00:01
The fossil fuel industry and its investors have financially benefited from tax policies and subsidies designed to reduce the emissions from oil, gas, and coal sometimes without taking the action required to tackle climate change.
Recently, claims have been surfacing of companies taking the taxpayer money offered to incentivize these actions but not following through on reducing their emissions. In March, for example, Reuters reported that Congress has opened an investigation into problems with the government’s “clean coal” tax credit. This is after Reuters revealed that financial institutions, including Goldman Sachs, were making huge profits off the program, despite it not effectively reducing emissions. ....

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Slog PM: More King County Restaurants Invite You to Go Maskless Indoors, Lauren Halsey Wins Big Art Prize, Dustin Diamond Is Dead

Seattle Art Museum (SAM) announced this AM that artist Lauren Halsey (work pictured above) is the winner of the 2021 Gwendolyn Knight and Jacob Lawrence Prize, earning a $10,000 award and a solo exhibition at SAM opening this winter. LAUREN HALSEY S LAND OF THE SUNSHINE WHEREVER WE GO (2020) | COURTESY OF DAVID KORDANSKY GALLERY, LOS ANGELES; PHOTO BY ALLEN CHEN
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It s officially Phase 2 in King County: Nevermind that we just passed the pandemic s deadliest month in the United States, restaurants are now allowed to open indoor service to 25% capacity through 11 PM. Indoor fitness centers can also open to 25% capacity, among other bad ideas. ....

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