What Does $1 Trillion in Fossil Fuel Subsidies Look Like?
Recently we wrote about calling on governments to end global fossil fuel subsidies. Well, here’s yet another compelling reason why. In the graphic below 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.
But what makes it even worse is that governments aren’t willing to own up to the fact that this is the case. That’s a lot of money to be wasting and hiding, and it could be put to better use for education, hunger, poverty, renewable energy and many many other far-more valid uses. It’s time for governments to own up to the truth and come clean on the billions being thrown away to a dirty industry. Check out more below:
Learn more about fossil fuel subsidies on our international fossil fuel subsidies page, and join us and a large number of partners on June 18 as we storm twitter to call for governments to #endfossilfuelsubsidies.
- Construction Begins on Keystone XL Pipeline in Montana - EcoWatch ›
- Trump Approves Keystone XL Pipeline, Groups Vow 'The Fight Is ... ›
- Keystone XL Pipeline Construction to Forge Ahead During ... ›
EcoWatch Daily Newsletter
California is bracing for rare January wildfires this week amid damaging Santa Ana winds coupled with unusually hot and dry winter weather.
- Bond Fire South of LA Forces 25,000 to Flee - EcoWatch ›
- 'Explosive' Southern California Lake Fire Spreads to 10,000 Acres ... ›
- 10 Wildfires Ignite Around Los Angeles in Unseasonable Wind and ... ›
"Prevention is the cure for child/teen cancer." This is the welcoming statement on a website called 'TheReasonsWhy.Us', where families affected by childhood cancers can sign up for a landmark new study into the potential environmental causes.
Nearly 1.6 million people in the southern part of Madagascar have faced food insecurity since 2016, experiencing one drought after another, the United Nations World Food Program reported.
- Half a Degree of Warming Makes a Big Difference to Global Food ... ›
- UN Warns of Impending Food Crisis - EcoWatch ›
- Global Hunger Is Increasing, New UN Report Finds - EcoWatch ›
By Monir Ghaedi
As the COVID-19 pandemic continues to keep most of Europe on pause, the EU aims for a breakthrough in its space program. The continent is seeking more than just a self-sufficient space industry competitive with China and the U.S.; the industry must also fit into the European Green Deal.
European satellites continue to provide data on climate change.