Elon Musk Just Declared War on Fossil Fuels and Big Oil

Elon Musk Just Declared War on Fossil Fuels and Big OilElon Musk recently took Big Oil to task in an interview at the World Energy Innovation Forum (WEIF) at Tesla’s Fremont, California, factory.

He points out something that alternative energy advocates have wailed about for decades: all forms of fossil fuel come with government subsidies.

Musk says this is no different than being able to dump trash in the middle of your street and then avoid paying trash pick up fees.

Fossil fuel subsidies are, in fact, choking progress in solar, wind, and other forms of alternative, clean energy; but sustainable energy will prevail nonetheless.

Dirty Money, Dirty Fuel

Glaring loopholes in our country’s tax code allow for some insane financial breaks to oil companies.

Over the past century, the federal government has pumped more than $470 billion into the oil and gas industries by way of these generous, never-expiring tax breaks.

While companies like SolarCity, Verengo Solar, Sungevity, and Sunpower face an uphill climb, special interest lobbyists working for Big Oil, such as the Koch Brothers and ALEC, employ all imaginable forms of propaganda possible to keep their fossil fuel billions rolling in.

In states like Arizona, those who were forward thinking enough to install solar panels on their homes were able to sell back excess power to energy companies; but new legislation has dramatically decreased the incentives for the use of solar energy.

“For the last several years Arizonans have enjoyed the ability to generate their own electricity on their own property,” said SolarCity.“Their choices have also helped contribute to the creation of more than 9,000 local solar jobs in Arizona.

SRP [Arizona’s Salt River Project Utility Company] has sabotaged the ability of Arizona consumers to make this choice if they happen to live in SRP territory. SRP cannot justify the elimination of competition and the denial of Arizonans’ choice in electricity service.

In America, we expect companies to respond to competition and innovation with better service, lower costs and increased efficiency. What SRP has done instead is unacceptable and unlawful.”

The Virtuous Cycle of Clean Energy Can’t Be Stopped

No matter how the Big Oil families continue to try to halt clean energy progress, sustainable energy keeps gathering momentum.

Wind power is now the cheapest electricity to produce in both Germany and the U.K., even without government subsidies, according to anew analysis by Bloomberg New Energy Finance (BNEF). Solar power has seen similar success, and utilizing renewable energy is a self-reinforcing cycle.

As more renewables are installed, coal and natural gas plants are used less frequently — and the less coal and gas are utilized, the cost of using fossil fuels to generate electricity goes up. Thus, as the cost of coal and gas power rises, more renewables will be installed.

Musk and the Revolt Against Fossil Fuels

Musk says that we must stage a revolt against the continued financial breaks given to the fossil fuel industry.

Citing data from the International Monetary Fund (IMF), he lamented in his interview that he is “competing against something that has a $6 trillion per year subsidy,” and that the low gas prices subsidies create are “weakening the economic-forcing function to sustainable transport and clean energy in general.”

Musk also fights back against unrelenting propaganda published to discredit companies like SolarCity.

Musk implied that a Los Angeles Times article misleadingly asserted that his companies received $4.9 billion in subsidies originating from the fossil fuel industry.

Musk explained that the report was planted to counter the IMF study, which found the fossil fuel industry was receiving trillions in subsidies every year. Both reports came out around the same time. As Musk explained:

“After the IMF came out with their study showing that fossil fuels are subsidized to the tune of $6 trillion a year [it’s (sic) was actually $5.3 trillion in 2015]–like $6 trillion per year.

Then some representatives from the oil and gas industry added up all the incentives that Tesla had received and will receive in the future, which happens to coincide with the $6 billion figure.” Included in this figure was a Department of Energy loan, which Tesla paid back with interest. Musk said:

“They wanted it [the figure] to start with a ‘6’. So roughly a month or two after the IMF study came out, they started shopping that story around to journalists: ‘Tesla is getting a $6 billion subsidy’ and it sounds a bit like a ‘$6 trillion subsidy’. It has a ‘6’ in it and ‘billion’ or ‘trillion’, you know, it’s kind of close.”

He added, “[T]hen they get the LA Times to buy it. It was totally nonsensical.”

These tactics are nothing new. Anyone who threatens the petrodollar is an enemy to the billionaire magnates who like to play with people’s lives and tarnish the planet; but these cabalistic families running the world energy circus are on borrowed time.

Sourceanonhq

Find us here

Get news from the CSGLOBE in your inbox each weekday morning

The views and opinions expressed in this article are those of the authors/source and do not necessarily reflect the position of CSGLOBE or its staff.

Paid content

China Is Turning The Rainforest Into Cheap Furniture For The U.S.

Driven by American demand for cheap furniture, China has become the greatest importer of illegal timber. The...

France Declares All New Rooftops Must Be Topped With Plants Or Solar Panels

A new law recently passed in France mandates that all new buildings that are built in commercial zones in France must be partially covered in...

California is about to become the first state in the US to require solar power installations on all new homes

The world's fifth largest economy —and possibly the first government in the world—is about to require solar panels for all new homes. The California Energy...

What's New Today

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

Leaked CDC document contradicts Pence claim that U.S. coronavirus cases ‘have stabilized’

Even as Vice President Mike Pence wrote in a Wall Street Journal op-ed published Tuesday that coronavirus...

Five bombshells about Trump from Bolton ‘s book

Excerpts from former national security adviser John Bolton ’s book about his time in the Trump administration...

Don’t Listen to Fox. Here’s What’s Really Going On in Seattle’s Protest Zone.

It seems I live in a city undergoing a “totalitarian takeover” that will lead to “fascist outcomes”...

MOST READ

What Is Agenda 21? Depopulation of 95% of the World By 2030

Most people are unaware that one of the greatest threats to their freedom may be a United Nations program which plans to depopulate 95%...

Complete List of BANKS Owned/Controlled by the Rothschild Family

What’s the significance of having a central bank within a country and why should you concern yourself, your family and colleagues? Central banks are illegally...

Putin has Banned Rothschild and His New World Order Banking Cartel Family from Entering Russian Territory

As of recently, Russian president Vladimir Putin took yet another decision for his country. "Under any circumstances", the Rothschild family is banned from entering Russian territory. Along...

China Is Turning The Rainforest Into Cheap Furniture For The U.S.

Driven by American demand for cheap furniture, China has become the greatest importer of illegal timber. The...

Brazil laundering illegal timber on a ‘massive scale’

Greenpeace uncovers evidence that illegally logged timber is being sold on to buyers in the UK, US, Europe and China Illegally logged timber in Brazil...

Florida’s Largest Lake is Slowly Being Poisoned, a Victim of Politics as Usual

Water is life, unless said water has been poisoned and is toxic, then water kills life. As the Standing Rock movement enters the next phase...

Check Out Adidas 3D Printed Sneakers Made From Plastic Trash From The Ocean

Adidas has teamed up with Parley for the Oceans, an organization dedicated to reducing plastic waste, to create a 3D printed shoe that is,...

Accused of War Crimes, Saudis Investigate Themselves and Find No Wrongdoing

Amid international calls for an independent inquiry into Saudi war crimes in Yemen, the Kingdom has investigated itself and found it has done nothing...

North Korea Threatens China With “Grave Consequences” Over “Betrayal”

In an almost unprecedented criticism of China on Wednesday, North Korea's state media said Chinese state media commentaries calling for tougher sanctions over Pyongyang's...

Top 5 Most Innovative Uses For Hemp

In 1937, Popular Science published an article called... Hemp: The New Billion-Dollar Crop ...that listed over 25,000 potential uses for the plant. While this ancient crop has...

‘You think our country is so innocent?’ – Trump asks after O’Reilly calls Putin ‘a killer’

The US is not as innocent as it may seem, according to President Donald Trump. When Fox News host Bill O’Reilly called Vladimir Putin...