Many people still think that to give fossil fuel subsidies is a way to improve living conditions of people

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Still nice to see that they now finally realize that giving fossil fuel subsidies to companies has a further decline in climate change. And yes, we as a taxpayer have financed this all these years without even asking a question. And then I am not even talking about all the diseases that it brings with it such as lung cancer or “pay once with your taks money and pay twice for the resulting health cost”.

U.N. Secretary-General Antonio Guterres told a gathering of politicians and business people in Austria that pollution should be taxed, and subsidies for oil, gas and coal should be ended.

“Many people still think that to give fossil fuel subsidies is a way to improve living conditions of people,” he said in remarks delivered at a Vienna conference on climate change.

“There is nothing more wrong than that. What we are doing is using taxpayers’ money – which means our money – to boost hurricanes, to spread droughts, to melt glaciers, to bleach corals. In one word – to destroy the world.”

According to the International Energy Agency, global fossil-fuel consumption subsidies in 2017 were more than $300 billion, up from about $270 billion in 2016.

Subsidies that promote the use of fossil fuels are helping “to destroy the world”, and are a bad way to deploy taxpayers’ money, the head of the United Nations said on Tuesday. U.N. Secretary-General Antonio Guterres told a gathering of politicians and […]

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