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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 more.


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