Make them pay: Oil, coal companies turn air into a toilet bowlRussell Harland (letter Aug. 12) says he doesn’t like taxing energy. “Taxing anything to support something else is subsidization.”
I agree. Any form of energy subsidy should be phased out. But right now, according to the International Monetary Fund, the worldwide oil industry is being subsidized to the tune of almost $3 trillion per year.
Much of this subsidy is due to the fact that these rich oil producers don’t have to pay a red cent for all the damages their products are causing. Instead, these damages are being paid by all of us poor schmucks, in the form of polluted air, overheated climate and flooding coasts.
It’s a matter of fairness. Oil and coal companies shouldn’t be able to use the air we breathe as a toilet bowl for their emissions. Put a fee on carbon, and give that money back to us, where it belongs. That money could be in the form of a monthly check, and or as a tax credit.
Level the playing field for clean energy versus dirty energy. Then clean energy – hydro, solar, wind – will have a fair chance to win.
Don Gaede, Fresno
August 19, 2016