$88 billion a year in subsidies for climate disaster
Global governments spend more than double what energy companies invest to find new regions for oil and gas drilling, despite climate change

Prupis, Nadia

Publisher:  Climate & Capitalism
Date Written:  16/11/2014
Year Published:  2014  
Resource Type:  Article
Cx Number:  CX16936

Despite pledging in 2009 to phase out public subsidies for the fossil fuel industry, G20 countries have disregarded those promises and are currently spending $88 billion a year in taxpayer money to fund the discovery of new gas, coal, and oil deposits around the world.

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