Politicians Subsidise Fossil Fuel with Six Trillion Dollars in Just One Year

An offshore oil rig drilling platform. Globally, fossil fuel subsidies amounted to 5.9 trillion US dollars in 2020, according to an IMF report. Credit: Bigstock
By Baher KamalMADRID, Nov 16 2021 (IPS)
It sounds incredible: while politicians have been cackling about the climate emergency and profiling in empty promises to halt it, they have spent six trillion US dollars from taxpayers’ money to…