We are subsidizing fossil fuels, $1,000 per person!
G20 countries pay over $1,000 per citizen in fossil fuel subsidies, says IMF
World’s leading economies still paying trillions in subsidies despite pledges to phase them out, new figures show
New figures from the International Monetary Fund (IMF) show that the US, which hosted the G20 summit in 2009, gives $700bn a year in fossil fuel subsidies, equivalent to $2,180 for every American. President Barack Obama backed the phase out but has since overseen a steep rise in federal fossil fuel subsidies.
Image if that money were instead being channelled into prevention of child abuse, prevention of human trafficking, endangered species protection, restoration of forests, name-your-own-important-issue?