Skip to main content

Fossil fuel companies receive $5.3 trillion a year in funding from governments worldwide

Nadia Prupis @ Common Dreams - The fossil fuel industry receives $5.3 trillion a year in government subsidies, despite its disastrous toll on the environment, human health, and other global inequality issues, a new report by the International Monetary Fund (IMF) published Monday has found.

That means that governments worldwide are spending $10 million every minute to fund energy companies—more than the estimated public health spending for the entire globe...read more.

Comments

Popular posts from this blog

Africa's Free Trade Dream

Its no longer news that African leaders on July 7 met in Niger to launch a continental free-trade zone that would if successful unite 1.3 billion people, create a $3.4 trillion economic bloc and usher in a new era of development in the African continent.  REad more.