Dr. Matthew Wielicki Torches the $7 Trillion Fossil Fuel Subsidy Myth

[rangerrebew]

Dr. Matthew Wielicki Torches the $7 Trillion Fossil Fuel Subsidy Myth
20 hours ago Charles Rotter 
Charles Rotter

Dr. Matthew Wielicki’s article, “The $7 Trillion Lie,” is a scathing exposé of what may be one of the most brazen accounting tricks in the climate policy playbook. For years, the International Monetary Fund (IMF) and its ideological allies have floated the claim that fossil fuels receive a jaw-dropping $7 trillion per year in global subsidies. But as Wielicki makes abundantly clear, this figure is not just inflated—it’s fabricated, repackaged propaganda masquerading as economic analysis.

“It is one of the most effective talking points in the climate activist arsenal… and one of the most dishonest,”

Wielicki states plainly. And he’s right. This dubious figure is the linchpin for green energy slush funds, carbon taxes, and regulatory overreach worldwide. It’s the rhetorical battering ram used to justify some of the most sweeping—and costly—interventions in modern economic history.

https://wattsupwiththat.com/2025/07/06/dr-matthew-wielicki-torches-the-7-trillion-climate-subsidy-myth/
 

[Smokin Joe]

Direct link to the article that does the torching...

https://irrationalfear.substack.com/p/the-7-trillion-lie

In fact, most so-called subsidies in the U.S. are simply standard tax deductions applied to all industries, such as write-offs for equipment depreciation or manufacturing costs.