Fossil fuels get $88bn subsidy from G20

The world’s wealthiest countries hand subsidies to the tune of $88 billion (£55.5bn) a year to the fossil fuel industry, finds new research from the thinktank Overseas Development Institute. Its report published today, ‘The fossil fuel bail-out: G20 subsidies for oil, gas and coal exploration’, suggests this is “propping up” fossil fuels which could otherwise […]