Posts in oil subsidies
- I don’t know how many G20 leaders will have time to read the FT website today, but they should. The paper’s editorial is nothing short of staggering. It starts by stating “As addictions go, the world’s addiction to fossil fuels is a killer.” Coming from the mouthpiece of one of the world’s financial capitals, which...
Continue reading 'FT: Ending subsidies is “An idea whose time has come”'.
- So the political road-show moves from the UN up to the G20 at Pittsburgh, where climate and the banking crisis will be on the table. And so will a discussion about ending fossil fuel subsidies. For years campaigners have been arguing for the ending of the tax breaks and other incentives given to the fossil...
Continue reading 'Ending Subsidies or Shifting Blame?'.
- Who would be an oil baron these days? Profits are down, the oil price is bouncing depressingly around in the mid-forties, reserves are running dry, and the promised land of tar sands is not looking that promising after all. And the global economy is going down the pan, so demand for your product is likely...
Continue reading 'Obama Targets $30 Billion Oil and Gas Subsidies'.
- Relying exclusively on the World Bank’s own figures, a new analysis shows World Bank Group lending to coal, oil and gas is up 94% from 2007, reaching over $3 billion. Coal lending alone has increased an astonishing 256% in the last year. This is the same World Bank that would like to lead – and...
Continue reading 'World Bank lending for coal up 256%…'.
- I had just started to draft a blog about this when I caught Joe Romm’s excellent post on the same topic. Over to you, Joe: Or, jump directly to the Energy Information Administration’s report.
- Last week, on the 5th anniversary of the Iraq War, hundreds of people stood with Oil Change International in the streets in front of the American Petroleum Institute demanding a Separation of Oil & State. They know, just as we do, that oil was the central motivation of the war in Iraq, that oil money...
Continue reading 'Follow the Oil Money'.
- Tackling climate change and other environmental hazards is affordable but urgent action is needed to avert irreversible damage, the Organisation for Economic Cooperation and Development (OECD) said yesterday. The 30-nation OECD said possible environmental safeguards might slow world growth by just 0.03 percent a year — meaning that by 2030 the global economy would be...
Continue reading 'OECD: Remove Subisidies to Fossil Fuels Now'.
- Interesting op-ed from a Silicon Valley newspaper by the CEO of Akeena Solar, which calls itself America’s leading solar installer. The CEO, Barry Cinnamon, argues “This week the House of Representatives will vote on the Renewable Energy and Energy Conservation Tax Act of 2008. This act would eliminate $18 billion in tax breaks for oil...
Continue reading 'GOP Should Stop “Coddling Big Oil”'.
- Global coalition calls for an end to ‘oil aid’ October 19, 2007, Washington, DC. – More than 200 organisations from 56 countries are calling on the World Bank and other international financial institutions to end subsidies to the oil industry. In a statement released today, the groups refer to ‘oil aid’ as one of the...
Continue reading 'Hundreds Say World Bank Needs an Oil Change'.
- The Democrat-controlled House of Representatives wants to spend almost $7bn in the coming year to reduce the nation’s enormous carbon footprint, reports the Independent. This has put it on a collision course with the White House, which still remains in denial about climate change. A major clash is expected between the White House and Congress...
Continue reading 'Democrats In $7 Billion Plan to Green US'.
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