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Apr 27, 2010

Half a trillion spent on fossil fuel subsidies mostly "a complete waste of money"

Despite burning up our finite fossil fuels, governments around the world still spend 500 billion US dollars a year subsidizing fossil fuel industries. A new study from the Global Subsidies Initiative (GSI) of the International Institute for Sustainable Development looks at the difficult political situation behind ending fossil fuel subsidies.

Please more by Jeremy Hance at MongaBay