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
fossil fuel subsidies
Report – Low Hanging Fruit: Fossil Fuel Subsidies, Climate Finance, and Sustainable Development
Our latest report finds that global fossil fuel production and consumption subsidies are at least $775 billion annually and could be $1 trillion or even more. There is an urgent need for transparency in subsidy reporting.
$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
Dave Camp: You Get What You Pay For
Written by Ross Hammond The fossil fuel industry is nothing if not clever. Rather than try to defend on the merits of their taking billions of dollars a year in government handouts, they’ve decided to change not only the conversation, but the language itself. So for example an attempt to repeal some of the oil … Read More
Will The Real Max Baucus Stand Up Please?
In less than two weeks the Congressional Supercommittee must submit a plan to Congress to reduce the deficit by at least $1.5 trillion. One of the big questions is whether the Supercommittee will recommend cutting billions of dollars in subsidies to the hugely profitable oil, gas and coal industries. According to a group of 36 … Read More
G20: “There’s just no action behind the words”
As G20 leaders prepare to meet later this week in South Korea, they face a daunting in-tray. But amongst the issues they need to address are fossil fuel subsidies. In part they have created a rod for their own back. It was a just over a year ago in September 2009 at the G20 meeting … Read More
Report: G20 Fossil Fuel Subsidy Phase Out
G20 Fossil-Fuel Subsidy Phase Out: A review of current gaps and needed changes to achieve success Oil Change International & Earth Track November 2010 Download the full report, G20 Fossil-Fuel Subsidy Phase Out (PDF) The Economist: “Green view: How to save $300 billion,” November 12, 2010. Financial Times: Alan Beattie, “G20 countries accused of fossil … Read More