silence7@slrpnk.net to politics @lemmy.worldEnglish · 9 months agoBiden’s climate law fines oil companies for methane pollution. The bill is coming due. Recent research suggests the IRA’s methane fee could batter the oil and gas industry to the tune of $1 Billion+grist.orgexternal-linkmessage-square31fedilinkarrow-up1132arrow-down13cross-posted to: climate@slrpnk.net
arrow-up1129arrow-down1external-linkBiden’s climate law fines oil companies for methane pollution. The bill is coming due. Recent research suggests the IRA’s methane fee could batter the oil and gas industry to the tune of $1 Billion+grist.orgsilence7@slrpnk.net to politics @lemmy.worldEnglish · 9 months agomessage-square31fedilinkcross-posted to: climate@slrpnk.net
minus-squarefoggy@lemmy.worldlinkfedilinkarrow-up27·9 months agoMake it $1T+ and you’ll raise my eyebrows. Fuck em.
minus-squareJiggle_Physics@lemmy.worldlinkfedilinkarrow-up18·9 months agoA billion to the industry as whole? Man they might have to fish in the couch cushions to come up with that kind of money.
minus-squaresilence7@slrpnk.netOPlinkfedilinkarrow-up9arrow-down1·edit-29 months agoWhat matters here is that this is expensive enough that it suddenly makes financial sense to stop emitting in a lot of cases. That’s a big deal.
minus-squarebartolomeo@suppo.filinkfedilinkarrow-up1·9 months agoIt really should be more. The fossil fuel industry in the U.S. is subsidized to the tune of $20 billion per year. I probably don’t have to point it out but 1 billion is just 5% of the free money they get from the government anyway.
Make it $1T+ and you’ll raise my eyebrows.
Fuck em.
A billion to the industry as whole? Man they might have to fish in the couch cushions to come up with that kind of money.
What matters here is that this is expensive enough that it suddenly makes financial sense to stop emitting in a lot of cases. That’s a big deal.
It really should be more. The fossil fuel industry in the U.S. is subsidized to the tune of $20 billion per year. I probably don’t have to point it out but 1 billion is just 5% of the free money they get from the government anyway.