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from the how-many-electric-cars-would-that-buy? dept.
Arthur T Knackerbracket has found the following story:
Climate crisis notwithstanding, governments subsidised fossil fuels in 2019 to the tune of nearly half-a-trillion dollars, two intergovernmental agencies have jointly reported.
Subsidies for fossil fuel consumption alone declined $120 billion, or 27 percent, compared to 2018 due mainly to lower oil and gas prices, according to International Energy Agency (IEA) figures.
Governments that heavily support the use of oil and gas include Iran, Saudi Arabia, China, Russia, Indonesia, Egypt, India and Venezuela.
At the same time, subsidies for fossil fuel production—in the form of cash, tax breaks and other credits—increased across 44 rich and emerging economies in 2019 by 38 percent to $55 billion, the Organisation for Economic Co-operation and Development (OECD) reported.
Combined subsidies for both consumption and production last year totalled $478 billion in 77 economies, an 18 percent drop compared to the year before, the IEA and OECD said in a joint statement, released at the end of last week.
"The fiscal burden of subsidies means that fewer resources can be potentially devoted to other public funding, be it for clean-energy research, innovation or to strengthen social safety nets," Nathalie Girouard, head of the OECD's environmental performance and information division, told AFP.
(Score: 3, Informative) by fustakrakich on Wednesday June 10 2020, @08:06AM (8 children)
The Fed is shoveling more than that into Wall Street every month
La politica e i criminali sono la stessa cosa..
(Score: 2) by c0lo on Wednesday June 10 2020, @08:34AM (6 children)
Why can't they shovel in my pocket... umm... for a change?
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 3, Interesting) by Anonymous Coward on Wednesday June 10 2020, @12:38PM (5 children)
Vote Libertarian (Jorgensen/Cohen 2020): Our Response to Stimulus Money for Bailouts [lp.org]. "The government could be returning $6,000 to every person, but instead, it is planning to give $1,200 to each adult under a certain income threshold."
Or question the exchange theory of value, socialized production, and privatized profit and go with the labor theory of value, socialized production, and socialized profit. ICFI/Socialist Equality Party (Kishore/Santa Cruz 2020): The paradox of the Wall Street surge [wsws.org]
(Waiting on Green Party US and ISA/Socialist Alternative USA nominations. Hopefully I will be able to promote Kshama Sawant in contrast with Jo Jorgensen, because fuck the old boys club, but unfortunately we will not be able to follow another Dr. Jill Stein, MD campaign this year.)
(Score: 0) by Anonymous Coward on Wednesday June 10 2020, @02:27PM (4 children)
Maybe in 2024, start working now to make that happen.
(Score: 1) by khallow on Wednesday June 10 2020, @07:54PM (3 children)
I think 2020 has a good chance of drawing blood. Trump versus Biden has to be the weakest contest in a few generations.
(Score: 1, Interesting) by Anonymous Coward on Wednesday June 10 2020, @08:13PM (2 children)
2024. This round, either Trump or Biden gets elected. If it is Trump, there is no way Republicans allow anyone like him to be nominated again. This leave his most ardent followers with nowhere to go and a good chunk of the Dems ousted out by their nominee again. If it is Biden, Republicans go deep and Dems decide to go third party given that the major parties ran two Reps. Either way, people on both sides were marching in the streets already this year, just give it for more years of status quo to erupt again.
(Score: 1) by khallow on Wednesday June 10 2020, @08:23PM
Unless, of course, that doesn't happen.
(Score: 2) by Phoenix666 on Thursday June 11 2020, @02:11PM
The US is already looking like the end days of the Weimar Republic. There has been a critical loss of authority by institutions. Public faith in leaders across all sectors has crashed. We are at the revolution phase that ex-KGB officer Yuri Bezmenov described [youtube.com] in his lecture in the 1970's on ideological subversion.
Washington DC delenda est.
(Score: 2) by shortscreen on Wednesday June 10 2020, @12:19PM
Yes, and a significant part of that is going to bailout banks who are funding fracking in the US (which is a big loser with $20 oil)