News
Emerging economies delay clean energy move as oil prices rise
Large economies have pledged at least $292bn in COVID relief for fossil-fuel intensive industries, researchers say. Rising oil prices are testing the developing world’s resolve
Fossil fuel companies get $62B a year in implicit subsidies, economist reports
Matthew Kotchen, an economist at Yale University, has found that fossil fuel companies in the U.S. are getting approximately $62 billion in implicit subsidies every
UK rules out public subsidy for East African oil pipeline
UK Export Finance will no longer back oil and gas projects overseas, shutting off a potential source of support for a major pipeline across Uganda
Fossil fuel producers directly benefit from implicit subsidies on climate and health consequences
Fossil fuel producers in the U.S. are directly benefiting from implicit subsidies on the order of $62 billion a year because of inefficient pricing that
Unpaid environmental damages from fossil fuels are a $600B annual subsidy
Consumers get most of the benefits of unpaid costs, but companies get a slice, too. Arguments about our shift to renewable power often focus on
Canadian supreme court upholds Justin Trudeau’s carbon tax
Canada’s supreme court has ruled that the federal government can impose a carbon price across the country, reports the Financial Times, despite the protests of
