Former Shell man Wopke Hoekstra stressed the importance of phasing out fossil fuels and its subsidies

New EU climate chief: ‘The sooner fossil fuels become history, the better’::Former Shell man Wopke Hoekstra stressed the importance of phasing out fossil fuels and its subsidies

  • tony@lemmy.hoyle.me.ukEnglish
    54·
    1 year ago

    Removing subsidies is a start… they’ve never made any sense. If a company can’t make money selling fuel then they must be the most incompetent company on earth.

    This is just posturing for COP28 though… makes good headlines but won’t happen… lots of countries talk tough before COP so they can claim it wasn’t their fault when nothing is decided, again.

    • dukeGR4@monyet.ccEnglish
      57·
      1 year ago

      I think corporations will just pass on the cost to the consumers if they don’t get subsidies lol.

      Given our reliance on it it’s a lot more than just basic supply and demand

      • SkaveRat@discuss.tchncs.deEnglish
        28·
        1 year ago

        I think corporations will just pass on the cost to the consumers if they don’t get subsidies lol.

        yes, kind of the point.

        While it would definitely, absolutely suck to be on the receiving end of the price hike, it would cause more and more people to finally switch to alternatives or use less of it, where possible.

        Quick edit: Basically, move the subsidiaries from fossil fuels to renewables. Make that market cheaper for the people who need it