Viewing a single comment thread. View all comments

[deleted] t1_j8wn6h6 wrote

5

ThePrince14 t1_j8wurxu wrote

That’s because the original premise comes from the same old Reddit BS that the state of Texas is just a bunch of right wing nut jobs and is against anything progressive. The burden of proof is on OP to actually provide that evidence instead of parroting everything that gets said in every reddit thread. My rebuttal was actual data saying that there is actually a ton of renewable investment in Texas, and if Texas was as bad as Reddit wants to perpetuate, there wouldn’t be the massive amount of investment there is. If the most powerful people in the state are working so hard to discourage and ban renewables, then why does there continue to be a massive amount of investment in renewables in the state?

https://www.utilitydive.com/news/texas-clean-energy-bechtel-solar-hydrogen-construction/638739/

Reddit is so committed to the narrative that Texas is this terrible right wing devil that it refuses to look at actual data.

When it comes to fossil fuel “subsidies” that Reddit loves to bitch about, read up on what they actually are:

https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subsidies-a-closer-look-at-tax-breaks-and-societal-costs

Focusing on oil and gas, there’s two main direct subsidies received - intangible drilling credits and percentage depletion. These are “subsidies” or more accurately tax write offs similar to write offs any business in any industry would get. Intangible drilling credits just let the company write off part of their capital investment in drilling wells, which is the same as if an airline used capital to buy airplanes, that’s a write off against their profits.

The percentage depletion is also an accounting method that is used in many industries, like if a company built a factory producing goods, they depreciate that over a certain period of time, which is again a write off on taxes.

Then you have the indirect subsidies, which are again just the same accounting practices any company in the US would use.

So please use actual data to show my how my argument is actually shite instead of pulling a couple of clickbait articles and ignoring what Texas is actually doing in practice.

0