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" ... Finally, here's the really important point about all of this. None of this is a subsidy to fossil fuel companies. It's a subsidy to the consumption of fosil fuels. That is, it's a subsidy to you and me as consumers to use fossil fuels. Sure, this has a knock on effect on the producers but that's entirely minor as compared to who is actually enjoying the vast bulk of the subsidy. You and me: we get to heat our houses, travel and so on, cheaper than if we were paying the true costs of our actions. ... "