Empty promises: G20 subsidies to oil, gas and coal production
A new report has concluded that members of the G20 are providing $452 billion per year on fossil fuel production subsidies. Despite numerous pledges to minimize or cut fossil fuel subsidies entirely, and amid tremendous international and public pressure, member nations of the G20 major economies are doing all they can to keep the fossil fuel production industry afloat. The new report, Empty Promises: G20 subsidies to oil, gas and coal production, published by the Overseas Development Institute (ODI) and Oil Change Institute (OCI), gathered and analyzed detailed subsidy information from all G20 nations for oil, gas, and coal production.