The US federal government subsidizes $20B per year towards fossil fuels across oil, gas, and coal.
The EU subsidizes €55B per year towards fossil fuels.
https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subs...
Drilling Info has more than 2,700 accounts globally with more than 20,000 users. Drilling Info members produce more than 90 percent of domestic oil and gas in the United States.
They're in the oil and gas business -- of course they want to "debunk" any info about the subsidies given to that industry.
"Intangible Drilling Costs ($3.5 billion “subsidy” – low estimate is $780 million) - Intangible Drilling Costs are essentially the cost of drilling a new well that have no salvageable value. Currently, most exploration companies are allowed to deduct 100% of the costs in the year they are incurred with the majors able to deduct 70% of the costs immediately with the remaining 30% amortized over 5 years. In what world would money spent that may or may not be recovered be capitalized as an asset?"
Plenty of companies spend plenty of money on R&D every year that goes nowhere. For some reason, the oil & gas industry gets a refund on their exploration but other companies don't. I work in R&D in tech -- should the government fund my complete salary for projects that turn out to not be viable? Sounds great if you're an entrepreneur -- start all the companies you want and get refunded by the government for all of your misses.