Saving the ‘Correct’ Companies
4/30/20
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from TPPF,
4/30/20:
What to Know: The head of the United Nations says that only “green” companies (presumably, by U.N. standards) should receive coronavirus assistance from the world’s governments.
The TPPF Take: Nothing new here; taxpayer money has gone to prop up green energy and industries for years, with little to show for it.
“Energy subsidies have left a long legacy of distorting energy markets, benefiting politically-connected businesses at the expense of taxpayers and energy consumers,” says TPPF’s Brent Bennett. “As lobbying for more subsidies intensifies during the current economic crisis, policymakers would do well to consider the failures of the wide variety of energy subsidies that exist today and resist calls for more.”
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