The free market at work. /sarcasm
IMF says global subsidies to fossil fuels amount to $1.9 trillion a year … and that’s probably an underestimate
By David Roberts
A new report [PDF] from the International Monetary Fund tries to tally up fossil fuel subsidies around the world and finds that they add up to an eye-popping $1.9 trillion a year. That’s 2.5 percent of global GDP!
And they externalize their costs:
EXTERNALITIES OF SHALES: ROAD DAMAGE
By Deborah Rogers
EXTERNALITIES OF SHALES: HEALTH IMPACT COSTS
By Deborah Rogers
About Sharon Wilson
Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.
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Meanwhile back in Texas….http://barnettshalehell.wordpress.com/2013/04/06/4-25-million-of-your-texas-enterprise-fund-supported-dinosaur-fossil-fuels-last-year/