30 December, 2016

Elon Musk: 'We need a revolt against the fossil fuel industry'

‘We need to fight the propaganda of the
 fossil fuel industry,’ says Elon Musk.
Tesla’s chief executive Elon Musk has accused Tesla’s chief executive of bowing to the “unrelenting and enormous” lobbying power of the fossil fuel industry, warning that a global “revolt” may be needed to accelerate the transition to more sustainable energy and transport systems.

Speaking at the World Energy Innovation Forum at the Tesla Factory in California on Wednesday, Musk claimed that traditional vehicles and energy sources will continue to hold a competitive edge against greener alternatives due to the vast amounts of subsidies they receive.

The solution to this energy dilemma, Musk says, is to introduce a price on carbon by defining a tax rate on greenhouse gas emissions or the carbon content of fossil fuels.

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