Mmastodon EnvironmentClimate first seen 2 h ago, last 14 min ago, peak #6

Taxpayers subsidize fossil fuels at $4.5 trillion a year, critics say

Original: "Too many governments in the world have been captured by the fossil fuel industry and the petrostates. Taxpayers around

Climate commentators are circulating a claim that governments worldwide have been captured by the fossil fuel industry and petrostates, leaving taxpayers effectively subsidizing fossil fuel burning at a rate of $4.5 trillion per year. The figure cites a Scientific American article, and the claim is being shared as an indictment of government inaction on climate change.

Why now: The striking $4.5 trillion subsidy figure is fueling debate over government ties to the fossil fuel industry.

fossil fuel industrypetrostatesScientific Americantaxpayers

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• "Too many governments in the world have been captured by the fossil fuel industry and the petrostates. Taxpayers around the world are actually subsidizing the burning of fossil fuels at the rate of $4.5 trillion per year. " https://www. scientificamerican.com/article… · sleepy62@vivaldi.net · 13

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