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Richest countries spent $74 billion on fossil fuel subsidies in 2011
2013-11-13 19:14:00| Climate Ark Climate Change & Global Warming Newsfeed
Mongabay: In 2011, the top 11 richest carbon emitters spent an estimated $74 billion on fossil fuel subsidies, or seven times the amount spent on fast-track climate financing to developing nations, according to a recent report by the Overseas Development Institute. Worldwide, nations spent over half a trillion dollars on fossil fuel subsidies in 2011 according to the International Energy Agency (IEA). "The status quo encourages energy companies to continue burning high-carbon fossil fuels and offers no...
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Fossil Upgraded to "Buy" by Ned Davis Research
2013-11-11 22:08:16| Jewelry - Topix.net
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a "neutral" rating on shares of Fossil in a research note to investors on Friday.
Veterans who saw fossil fuel drawbacks in combat lead charge for clean energy
2013-11-10 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Scientific American: Dave Belote was sleeping on his cot at Camp Victory in Iraq early one morning in 2004 when he awoke to the sound of deadly mortar rounds exploding on base a scant 50 yards away. Suddenly, it clicked: "It would be a really good thing to stop paying people to shoot at us," he thought. "Those mortar shells we paid for indirectly, through our addiction to oil," the retired Air Force colonel told ClimateWire. "A lot of these terrorist organizations, al-Qaida and others, big chunks of their funding...
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Fossil fuel subsidies dwarf renewables support, favour rich
2013-11-09 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Mounting global fossil fuel subsidies distort the price of carbon, favour the rich in the developing world and amount to six times as much as subsidies for renewable sources of energy, according to a new report. "If their aim is to avoid dangerous climate change, governments are shooting themselves in both feet,' wrote Shelagh Whitley, author of the report and a research analyst for the Overseas Development Institute (ODI) based in London. The report was released on Thursday, days before member...
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rich
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favour
Fossil fuel subsidies under fire
2013-11-09 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Living on Earth: A new report from the Overseas Development Institute finds more than $500 billion in subsidies go to fossil fuel industries world wide each year despite pledges to phase them out. Joe Aldy, professor of public policy at Harvard University, tells host Steve Curwood that eliminating subsidies for fossil fuels will be a top agenda item at the UNFCCC meeting in Poland. Transcript CURWOOD: From the Jennifer and Ted Stanley Studio in Boston this is Living on Earth. I'm Steve Curwood. This year's...
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fuel
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subsidies
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