U.K. Is The Only G7 Country To INCREASE Fossil Fuel Subsidies

Environment

Photo credit: Due to declining North Sea oil reserves, the U.K. government is giving more in subsidies. WTM/Shutterstock

Despite pledges to cut fossil fuel subsidies, it turns out that G20 country governments, which includes some of the largest economies in the world, are still providing $452 billion (£297 billion) a year in subsidies for the production of oil, gas, and coal. Among this, it turns out that while the current...

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