OILIGARCHY: Fossil Fuel Subsidies Hit $1.3 Trillion Despite Government Pledges To End Them
Source – bloomberg.com Fossil fuel subsidies hit $1.3 trillion despite government pledges to end them Up from $500 billion in 2020 Leslie Kaufman Despite repeated government pledges to cut back on fossil fuel subsidies, a new report found such subsidies surged to a record US$1.3 trillion last year. The report by the International Monetary Fund (IMF) looked at both explicit…