HB 26.15 No Subsidies for Fossil Fuels Act

[Poirot]

Maybe we could add to the bill that the amount of money from the abolished subsidies on hydrocarbon fuels should go to help low (and middle) income households pay for energy bills in the form of tax break or subsidy program on energy bills.

[Poirot]

aye
The goal was to propose a reallocation and that does it. We could always tweak it afterwards if there are issues.

[Poirot]

I guess the question is how much this is going to actually affect prices. If we're going to be forcing the energy sector belly-up, it would probably be good to have some kind of transition in place. If it's only going to move the needle a little bit (which I think is more likely) you probably don't need to do as much.

Wasn't there a law passed to take control of energy companies (red green deal)? With that it mind, it would be good for the state for the value of energy companies to go down. It would then cost much less for the state to buy a majority control.

[Poirot]

I guess the question is how much this is going to actually affect prices. If we're going to be forcing the energy sector belly-up, it would probably be good to have some kind of transition in place. If it's only going to move the needle a little bit (which I think is more likely) you probably don't need to do as much.

Wasn't there a law passed to take control of energy companies (red green deal)? With that it mind, it would be good for the state for the value of energy companies to go down. It would then cost much less for the state to buy a majority control.

Does this bill have an impact on the value of energy companies ? I don't want the value to go higher since some energy companies will have a majority of public participation. If there is no impact, my questioning is not relevent. If the value goes down it will cost less to take control is some companies.

[Poirot]

We adopted a reallocation of funds. I've accepted it but could go with different percentages, like 5-10% between categories.

[Poirot]

I motion for a final vote.
It seems we are taking too much time, we adopted a reallocation of funds which was the main request, and there has not been amendment since.

[Poirot]

aye
we adopted a plan to give money back to help people.