September 19, 2019

New Internationalist: Why is Public Money Propping up Fossil Fuels?

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Meanwhile, some countries are heading in precisely the wrong direction: over the next five years, the UK’s oil industry is set to receive $6.2 billion more than it pays in taxes, thanks to generous government support. In the US, Republicans’ tax reforms in 2017 handed $25 billion to oil and gas companies, according to the Institute on Taxation and Economic Policy; while Australia is proposing to support new coalmines to the tune of hundreds of millions of dollars. Read more



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