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Greening the Void: Climate Change and Political Legitimacy

americanaffairsjournal.org

1 points by Ambolia 2 years ago · 1 comment

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AmboliaOP 2 years ago

>"What this chart shows is that, since 2000, the fossil fuel industry has in its very best year managed to secure $84.69 for every $1 spent on lobbying. This is not a bad return on investment, and clearly the money that the fossil fuel industry is spending on lobbying is well worth it. But when we look at renewables, the picture that emerges is on a different scale entirely. In 2012, during the ARRA stimulus, the industry received $690.95 in tax preferences for every dollar spent. In 2023, we are on track to see that rise to $740.38 thanks to IRA distributions. Although the fossil fuels industry still spends more on lobbying in absolute terms, the returns on green lobbying are significantly higher. "

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