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United Kingdom: Prince of Waless Corporate Leaders Group call for an end to fossil fuel subsidies

2015-09-28 16:23:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: The Prince of Waless Corporate Leaders Group (CLG) has announced its support for the Friends of Fossil Fuel Subsidy Reform Communiqué, calling for reform, and ultimately, elimination, of fossil fuel subsidies. The International Energy Agency (IEA) estimates that fossil fuel subsidies amounted to US$510 billion in 2014. This is based on the gap between what consumers pay and the actual cost of supply, but doesn`t consider the environmental and health costs. It is six times more than that allocated...

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