Mmastodon EnvironmentClimate first seen 14 h ago, last 1 h ago, peak #6

Taxpayers subsidize fossil fuels at $4.5 trillion a year, critics say

Original: "Too many governments in the world have been captured by the fossil fuel industry and the petrostates. Taxpayers around

Commenters are arguing that many governments have been captured by the fossil fuel industry and petrostates, leaving taxpayers effectively funding the burning of oil, gas and coal. They cite a Scientific American figure of $4.5 trillion a year in global fossil fuel subsidies, framing the money as public support for the very emissions governments claim to be cutting.

Why now: The trillion-dollar scale of fossil fuel subsidies and the claim of industry capture of governments are striking arguments amid ongoing climate policy debates.

fossil fuel industrypetrostatesScientific Americantaxpayers

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• "Too many governments in the world have been captured by the fossil fuel industry and the petrostates. Taxpayers around the world are actually subsidizing the burning of fossil fuels at the rate of $4.5 trillion per year. " https://www. scientificamerican.com/article… · sleepy62@vivaldi.net · 17

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