G20 leaders first pledged to end fossil fuel subsidies back in 2009. Almost six years later, and despite reiterating that vow each and every year, they have precious little to show for it.
Although Alaska’s budget troubles have made headlines lately, it’s shouldn’t come as a surprise that a sharp drop in oil prices has put a state with a noted overreliance on oil and gas revenues in a financial bind. But in the midst of Alaska’s dire budget woes, how many people know that, when it comes … Read More
The U.S. Export-Import Bank (Ex-Im) provides financing and insurance for the export of U.S. goods abroad, including an average of over $4 billion dollars each year over the last 7 years for oil, gas and coal projects. Ex-Im’s authorization, which needs to be renewed periodically by Congress for the Bank to stay in business, has … Read More
The next six months offer a crucial window to phase out dirty energy subsidies as the world moves towards an agreement at the UN climate talks in Paris this December. Outcomes of three meetings in June – the G7 Leaders’ Summit, the meetings of the Organization for Economic Cooperation and Development (OECD), and the UN … Read More