this post was submitted on 30 Jun 2023
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Good. Some people will try to phrase this as a bad thing because yes, you will pay more (eventually, anyway -- article says they don't expect "any real bite until around 2025"). But we should be paying more given the environmental damage that burning this fuel causes. We should not be effectively subsidizing oil companies by paying the cost of their negative externalities.
If anything, I think there should be even more than this. We should have Norway style taxation on fuel. They have a massive savings fund that massively dwarfs our own closest equivalent.