Exactly how large are global fossil fuel subsidies?

“The expenses involved in extracting a depleting resource have to be written off as the resource is produced (depletion allowance). Some capital expenditures are allowed to be written off as expenses, rather than capitalized over time. When we drill wells, tangible drilling expenditures (items with salvage value) have to be capitalized. Intangible drilling expenditures (services and materials with no salvage value) can written off as expenses. According to the most recent EIA analysis of energy subsidies, fossil fuels received almost no net subsidies…”

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