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FEB 08, 2013 - Business Insider

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Fossil Fuel Subsidies And Tax Breaks Rising Toward Pre-Crash Peak

Last week the OECD published two new reports which shine a light on our complex and confused relationship with fossil fuels. The first looks at OECD. The picture they paint can be summed up in two words: tangled mess. Looking first at subsidies, the principle take-out is that government support for oil, coal and natural gas is still increasing across the developed world, despite promises to turn the situation around. Indeed, after dipping with the wider economy in 2009, the total value of subsidies or tax breaks received by those extracting or burning fossil fuels climbed ... Read More

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