OILIGARCHY: Fossil Fuel Subsidies Hit $1.3 Trillion Despite Government Pledges To End Them
Source – bloomberg.com “…IMF also calculates implicit fossil fuel subsidies, which include the cost of things such as undercharging for environmental costs and failing to levy taxes on consumption. Adding those in and the total subsidies ballooned to US$7 trillion in 2022. That’s an increase of US$2 trillion compared to 2020” Fossil fuel subsidies hit…
































