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Oil Change International
Is this even legal? Governments propping up fossil fuel production with public money.
May 4, 2021By LaurieBlog Post, Featured, News, Stop Funding Fossils
Despite the need to rapidly wind-down fossil fuels to avert the worst of the climate crisis, governments worldwide continue to prop up fossil fuel production with huge sums of public money. The biggest form of public support is provided through Export Credit Agencies (ECAs), which exist to support domestic industries in doing business overseas. ECAs are little known to the public and yet they provide almost fourteen times more finance for fossil fuels (USD 40 billion) compared to clean energy (USD 2.9 billion) every year.  ....

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