Canada Continues Massive Financial Support For Fossil Fuels
Canada continues to provide massive subsidies for fossil fuels while promising to cut emissions. It can’t do both.
Canada continues to provide massive subsidies for fossil fuels while promising to cut emissions. It can’t do both.
Fossil fuel subsidies can be put to a higher purpose, the head of the IMF told delegates to COP28 in Dubai this week.
The global energy transition is progressing robustly, but it’s unlikely that timely climate goals delineated in the 2015 Paris Agreement will be achieved. In fact, if the current rate of carbon emissions continues, there’s a 50% chance the world will breach the 1.5°C warming threshold by the end of this … [continued]
A report from the World Bank this week urges nations to redirect the money from subsidy programs to fighting global heating.
New Global Registry of Fossil Fuel Emissions & Reserves
I’ve seen quite a few vehement Twitter posts regarding Elon Musk, Tesla, subsidies, that 2008 government loan in which Tesla repaid American taxpayers back early and with interest as of late. Politicians and political talking heads have been taking to Twitter to discuss the woes of the villain, Elon Musk, … [continued]
Two oil heiresses are calling for an end to fossil fuels. Does that seem weird?
Direct and indirect subsidies for fossil fuels reached an all time high in 2020.
Ethanol: You need to burn anywhere from 0.9 to 1.5 gallons of fossil fuel to make a gallon of corn ethanol! That means you produce more CO2. By the time you have tilled the soil, planted the seed, spread the fertilizer, tilled the soil again to remove weeds, applied weed … [continued]
The letter, signed by CPC Chair, Rep. Pramila Jayapal (D-Wash.), CPC Deputy Whip, Rep. Ro Khanna (D-Calif.), and other CPC leaders comes after more than 50 Members of Congress urged leadership to include the repeal of fossil fuel subsidies in the Build Back Better Act.