A new report by Oil Change International has found wealthy nations are
spending five times more money on fossil fuel subsidies than climate
aid. In 2011 rich nations spent $58 billion on subsidies and just $11
billion for climate adaptation and mitigation in developing countries.
According to the study, the United States spent $13 billion on fossil
fuel subsidies in 2011 and just $2.5 billion in climate aid. We’re
joined by David Turnbull, Campaigns Director of Oil Change
International.Video
Source: Democracy Now!
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