Collateral damage in the energy transition: government revenue

As the world shifts to a greener future, the fossil fuel industry is often quick to point out that communities reliant on oil, gas and coal production risk being left in the lurch.

Between 2015 and 2020 fossil fuels generated a whopping $138bn annually for localities, states, tribes, and the federal government in the US, the paper finds. That’s more than the GDP of Kuwait.
Between 2015 and 2020 fossil fuels generated a whopping $138bn annually for localities, states, tribes, and the federal government in the US, the paper finds. That’s more than the GDP of Kuwait.Foto: Angus Mordant/Bloomberg
Publisert 13. January 2022, kl. 16.27Oppdatert 13. January 2022, kl. 16.27