Fossil Fuels Subsidised by $10m a Minute, Says IMF

Posted In Climate Change, News

Photograph: © SAF – Coastal Care


Fossil fuel companies are benefitting from global subsidies of $5.3tn a year, equivalent to $10m a minute every day, according to a startling new estimate by the International Monetary Fund.

The IMF calls the revelation “shocking” and says the figure is an “extremely robust” estimate of the true cost of fossil fuels…

Read Article, Guardian UK

Keep it in the Ground: A Guardian UK Climate Change Campaign, Guardian UK (03-21-2015)
The argument for a campaign to divest from the world’s most polluting companies is becoming an overwhelming one, on both moral and financial grounds. As Archbishop Desmond Tutu puts it: “People of conscience need to break their ties with corporations financing the injustice of climate change”…

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