This stark profit disparity highlights the challenges in promoting sustainable transportation. How can we incentivize walking and cycling when car and air travel, fueled by the highly profitable petrol industry, remain the dominant modes of transport?
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Isabella M. Weber
NEW PAPER: The 2022 fossil fuel price jumps caused an oil and gas profit explosion. We show the US reaped the largest profit increase (USD 275bn) of any country. Big Oil claims this benefits the American people. In fact, 51% went to the richest 1%, only 1% to the bottom 50%. A 🧵
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