G20 gets told (again): oil subsidies are a waste

According to a report by Reuters this week, the Paris-based Organisation for Economic Co-operation and Development (OECD) recently made a strong recommendation to the G20 nations to stop subsidizing oil, coal and gas – a.k.a. “fossil fuels.”

June 11, 2010
Posted by Zoë Caron

“Many governments are giving subsidies to fossil fuel production and consumption that encourage greenhouse gas emissions, at the same time as they are spending on projects to promote clean energy,” OECD chief Angel Gurría told the Reuters news agency on Wednesday. “This is a wasteful use of scarce budget resources.”

It makes sense to me. Oil, coal and gas subsidies are kind of like giving a friend money to buy double chocolate cheesecake when she’s diabetic, lactose intolerant, and a year into her pledge to Jenny Craig.

(c) Andrew Kerr / WWF-Canon

(c) Andrew Kerr / WWF-Canon

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This entry was posted on Friday, June 11th, 2010 at 12:08 PM and is filed under Climate. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

2 Responses to G20 gets told (again): oil subsidies are a waste

  1. Shane Baucom says:
    October 21, 2010 at 7:01 PM

    I just read a few other posts on here. Glad I saw it once more. Much appreciated

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  2. healthy diet says:
    September 2, 2010 at 9:39 PM

    Thanks for your article. A lot of people who are struggling to lose excessive weight, including myself will definitely benefit from this.

    Report this comment

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