Extractives
News
Dirty Subsidies: How Europe sabotages its climate goals (Investigate Europe)
2020 was supposed to be the year the EU would launch its ambitious plan to tackle the climate crisis. But why does Europe sabotage its climate goals by subsidising the
As Energy Prices Tumble, Developing Countries Trim Subsidies (New York Times)
Trying to cut spending as the pandemic reduces tax revenue, governments are finding it easier to lift restraints on what consumers pay for fuel. To read the full article, refer
Europe’s oil refiners outline path to climate neutrality by 2050 (Euractive)
The European oil refining industry association, whose members includes Shell, BP, ExxonMobil and Total, outlined on Monday (15 June) a €650 billion plan to completely decarbonise transport fuels by 2050.
Reports
Exploring the Trade Impacts of Fossil Fuel Subsidies (GSI)
In recent years, growing attention has been given in various contexts to fossil fuel subsidies and the need to reform them. Discussion on the topic, however, has focused almost exclusively
Effect of subsidies to fossil fuel companies on United States crude oil production (Nature Energy)
Countries in the G20 have committed to phase out ‘inefficient’ fossil fuel subsidies. However, there remains a limited understanding of how subsidy removal would affect fossil fuel investment returns and production,
