First the gloss from Rio. This was the UN’s largest ever conference with 45,300 delegates from more than 180 nations. The UN says it has obtained pledges worth $500 billion from governments and companies for projects aimed at reducing the strain on the planet’s resources. There are nearly 700 commitments from governments to supposedly cut … Read More
Rio+20
EU Commissioner Calls for End to Subsidies
Connie Hedegaard, the outspoken EU Commissioner for Climate Action, has lent her weight to the growing calls for ending fossil fuel subsidies. Earlier in the week, Oil Change International revealed that fossil fuel subsidies could be as high a $1 trillion. Oil Change has been working with others NGOs to make phasing out subsidies a … Read More
Greenwashing +20
If you open a copy of the Financial Times this morning, you will see a full page advert from the “Friends of Rio+20” with a message to the delegates at the UN Conference on Sustainable Development. These “friends” say they are an assortment of big business, scientific and civil society leaders, but a quick glimpse … Read More
$1 TRILLION in Global Fossil Fuel Subsidies & the Urgent Need for Transparency
In this graphic, you can see that according to Oil Change International analysis, governments around the world are spending perhaps more than $1 trillion USD combined per year subsidizing the fossil fuel industry.
Fossil Fuel Subsidy Reform Gaining Momentum Internationally
23 May 2012 Ahead of upcoming meetings in June of the G20 in Mexico and the United Nations Rio + 20 Summit, the pace of activity around worldwide efforts to phase out subsidy reform is quickening. Last weekend, the G8 leaders reaffirmed their commitment to phase out fossil fuel subsidies in their statement coming out … Read More