Here is another fact that flies in the face of science. To us it is treachery that in 2013 the US Govt. spent 1.9 trillion dollars on fossil fuel subsidies, and this year it will hit 5.3 trillion!!! Totally insane, yet it is happening with our mostly corrupt and deceitful government in all three branches and state and local level, too. Fracking and leaking methane, spills into rivers and on farmland, 'bomb trains' exploding, and pipelines leaking---this is against what most want and certainly against nature itself, and all life on our only planet.
"Fossil fuel subsidies to hit $5.3 trillion in 2015, says IMF study Last updated on 19 May 2015, 9:37 am
Governments could cut 20% of carbon emissions at a stroke if they stopped subsidizing oil, gas and coal
By Ed King
Subsidies for fossil fuels that cause climate change have soared since 2013, a new study from the International Monetary Fund has revealed.
Oil, gas and coal costs will be subsidized to the tune of US$5.3 trillion a year in 2015. The last time the IMF ran the data it calculated they were worth $1.9 trillion.
Economists say the latest figures are more accurate as they represent the “true” cost of energy, which includes the environmental, health and climate impacts of burning fossil fuels.
“Over half of the increase is explained by more refined country-level evidence on the damaging effects of energy consumption on air quality and health,” IMF officials Benedict Clements and Vitor Gaspar wrote in a blog.
The figure is larger than the health spending of all the world’s governments combined, a reckoning the pair called “shocking”."
- See more at: http://www.rtcc.org/2015/05/18/fossil-f ... 4b2vf.dpufhttp://www.rtcc.org/2015/05/18/fossil-f ... -says-imf/