Every Day Governments Give an Estimated $2 billion to Oil, Coal & Gas Industry - I hope You're Not Hungry or Living on the Street
Experts say the subsidy madness must stop. With unemployment high can governments facing recession summon the will to end the fossil fuel industries' FREE RIDE?
By Stephen Leahy
BERLIN, Jun 29, 2010 (IPS)
Every day, governments give away an estimated two billion dollars of taxpayer money to the fossil fuel industry. This unmatched largesse to a highly profitable sector by countries verging on bankruptcy or unable to feed large numbers of their own people is "complete madness", according to many experts.