If Shell stops getting it from the government, they'll just raise prices for us to make up the difference. They won't be hitting their bottom line anytime soon

[–] Sasha@lemmy.blahaj.zone 46 points 10 months ago (1 children)

If they've been subsidised so much, the company should just be made a public entity rather than just stopping the funding.

[–] qaz@lemmy.world 29 points 10 months ago (1 children)

The government should demand new shares in return for the subsidies. No subsidization without representation.

[–] VikingHippie@lemmy.wtf 14 points 10 months ago

Yep and if they want to continue to receive subsidies, they're going to have to continue to sell shares, eventually leading to either no more subsidies or complete governmental control of the entire industry. Preferably the latter.

[–] UPGRAYEDD@lemmy.world 42 points 10 months ago (1 children)

This is true, but it would help incentivise the country to move away from fossil fuels.

Also worth noting this would drive up the prices of nearly all goods as well since shipping costs would rise.

There are good incentives for fuel subsidizes, but the goverment has failed at having stipulations to gonwith the subsidizes.

Personally, i think they should nationalize the fuel production industry. No one should get rich from a natural resource, especially one that is destorying the planet. Even more so since they have known about it for 70+ years and have been trying to cover it up.

[–] VikingHippie@lemmy.wtf 11 points 10 months ago

Personally, i think they should nationalize the fuel production industry. No one should get rich from a natural resource, especially one that is destorying the planet. Even more so since they have known about it for 70+ years and have been trying to cover it up.

Absolutely! Every industry related to fossil fuels, be it fuel for vehicles, power production or even plastic manufacture and steel smelting, should be nationalized and then phased out as quickly as possible in favor of cleaner and otherwise less hazardous alternatives.

Natural resources, infrastructure and vital base components used in roughly everything should not be owned and controlled by under-regulated for profit entities who will never value long-term or even short term human survival higher than short term profits.

[–] andthenthreemore@startrek.website 32 points 10 months ago

I thought Americans were all about free market. Other companies and alternatives will come in and undercut shell if that happens.

[–] VikingHippie@lemmy.wtf 31 points 10 months ago

They'll raise prices regardless. The government handouts are just extra profits for what is already one of the most profitable industries in the history of mankind.