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Famous historian Ruth Ben-Ghiat discovered herself within the crossfires of billionaire Elon Musk on Saturday when she known as him out for his “fake selflessness.”
What Occurred: Following studies of SpaceX writing to the Pentagon asking the latter to foot the invoice for offering Starlink web companies to Ukraine, Musk got here again to make clear that he would proceed to fund the Ukrainian authorities freed from value.
Commenting on the tweet, Ben-Ghiat mentioned, “the fake selflessness is among the many grossest issues about @elonmusk who himself obtained nearly $5 billion in authorities subsidies.” She additionally included the hyperlink to a 2015 Los Angeles Occasions story that mentioned Tesla, Inc. TSLA, SolarCity and SpaceX have obtained an estimated $4.9 billion in authorities assist.
Musk fought again with a reply, asking the historian why she was “perpetuating propaganda concocted by the oil & fuel trade.” The propaganda, in keeping with the billionaire, is to distract from the $6 trillion per yr of subsidies the oil and fuel firms obtain.
The Tesla CEO additionally shared an IMF report on fossil gas subsidies, which mentioned globally, fossil gas subsidies had been $5.9 trillion or 6.8% of GDP in 2020 and can probably improve to 7.4% of GDP in 2025.
Why are you perpetuating propaganda concocted by the oil & fuel trade to distract you from the 6 trillion {dollars} per *yr* of subsidies these firms obtain?https://t.co/XZxDJAPE9a
— Elon Musk (@elonmusk) October 22, 2022
Why It’s Essential: Though Musk’s ventures present a substitute for non-renewable vitality sources, he has mentioned up to now the world nonetheless wants oil and fuel.
“Realistically I believe we have to use oil and fuel within the brief time period, as a result of in any other case civilization will crumble,” he beforehand mentioned on the sidelines of an vitality convention in Stavanger, Norway.
Musk is of the view it will take some many years for the world to transition to sustainable vitality. That mentioned, up to now, he has come out towards the subsidies doled out to grease and fuel firms.
Whereas talking on the Wall Road Journal CEO Summit in December 2021, he known as for scrapping the Biden administration’s infrastructure package deal, including that his EV firm doesn’t want subsidy to drive demand. Likewise, assist isn’t wanted for fuel stations or charging networks, he added.
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