On: TC Energy scraps Keystone XL pipeline project after Biden revokes key permit

[shawnz]

What's the problem with keeping the more effective technology (pipelines) and instead using taxes to disincentivize the externalities? Wouldn't that be better for everyone?

[ashtonkem → shawnz]

The problem is induced demand. By making oil cheaper, you encourage its continued and increased consumption.

[shawnz → ashtonkem]

I am not saying we should make oil cheaper. That is the point of the taxes. We should be raising the price through taxes, not by blocking the state of the art technologies.