""We're looking at a timeline right where scientists globally have said we have very little time left to drastically change our global economic system and to get off of fossil fuels if we want to have a present and future that is really livable.""
""Unfortunately, we have an economic system in this country right now that is extremely beneficial to the industries that are making that future look pretty bad.""
The fossil fuel industry has received U.S. subsidies for nearly a century, with tax breaks for depleting reserves and drilling expenses. Under President Trump, these subsidies increased significantly, exemplified by a $40 billion allocation in his reconciliation bill. Climate advocates emphasize the urgency of transitioning away from fossil fuels to ensure a livable future, criticizing the economic system that favors polluting industries. The 'Trumpo Tax' initiative aims to raise awareness about these subsidies and their implications for climate change.
Read at Fast Company
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