Another Reason to Avoid Fossil Fuels
Among the reasons for this? Taxes, ironically. Leaders of these countries don’t need the taxes of their people to run their country. And because people don’t pay taxes, they have less of a say in how the government spends money, and the government is not concerned about providing social benefits to its people. (Think oil-rich Nigeria, with 62 percent of its people in poverty.)
Extracting oil and natural gas requires significant capital investment. Gaining access to this capital may lead to disadvantageous deals with other countries or with companies based in other countries. It may lead to corruption and poor management. It may lead to conflict as different parties try to retain control of these resources. (Think Yemen)
These concerns become less of an issue in countries with more diversified economies. In that case, we need to go back to our original reason for avoiding nonrenewable fuels: climate disruption and pollution.
[Photo by Pixabay: https://www.pexels.com/photo/industrial-machine-during-golden-hour-162568/]