WASHINGTON - Global tax breaks, incentives, and various other consumption and production subsidies for the fossil fuel industry are likely topping $2 trillion each year, amounting to 2.5 percent of total gross domestic product for 2012. After a dip in the immediate aftermath of the global financial recession, these figures have risen in recent
Fossil Fuel Subsidies at $2 Trillion, Despite Global Condemnation
Despite a growing consensus that support for the oil and gas industry is unfair, inefficient and globally dangerous, there’s no actual implementation of plans to change it.