“OECD: leading countries spend $200bn a year subsidising fossil fuels”

A rig in China’s largest oilfield in Daqing. The collapse in oil prices over the past year offers a ‘unique opportunity’ for cash-squeezed governments to phase out support, says the OECD.

http://www.theguardian.com/environment/2015/sep/21/oecd-nations-200bn-subsidisies-fossil-fuels-climate-change

Rich western countries and the world’s leading developing nations are spending up to $200bn (£130bn) a year subsidising fossil fuels, according to a report from the Organisation for Economic Cooperation and Development.

The Paris-based thinktank said its 34 members plus six of the biggest emerging economies – China, India, Brazil, Indonesia, Russia and South Africa – were spending money supporting the consumption and production of coal, oil and gas that should be used to tackle climate change.

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About isabellew9873

My name is Isabelle Whitehead. I was a member of the Bolton School group on the Operation Wallacea 2015 expedition to Peru.

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