<By Lauren McCauley / Common Dreams
One of the greatest contradictions of our time is that while world leaders profess concern over a rapidly warming planet, they continue to spend hundreds of billions of taxpayer dollars subsidizing the fossil fuel industries that are driving climate change.
In fact, according to a new report released on Monday by the Organization for Economic Cooperation and Development (OECD)—a global forum on economic policy—the world’s richest nations spend roughly $160-200 billion each year supporting fossil fuel consumption and production.
“We’re totally schizophrenic,” said Angel Gurría, secretary-general of the Paris-based organization. “We’re trying to reduce emissions, and we subsidize the consumption of fossil fuels. These policies are not obsolete, they’re dangerous legacies of a bygone era when pollution was viewed as a tolerable side effect of economic growth. They should be erased from the books.” [Read more…]










