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IMF: Fossil fuels receive $10m a minute subsidies
2015-05-19 10:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: The International Monetary Fund (IMF) has said that in 2015, the fossil fuel industry will receive $5.3trn in subsidies, surpassing annual health spending for all the worlds governments. Fossil fuel companies across the planet are set to receive the huge sum from public funds throughout 2015, equating to $10m per minute. In a working paper published on Monday, the IMF described the figures as shocking, adding that the study is extremely robust. It says that the sum is owed largely to the...
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minute
10m
fossil
Fossil Group Starts 2015 Well And Is Set To Progress Smoothly Going Forward
2015-05-18 14:11:06| Jewelry - Topix.net
Fossil Group, Inc. is a well-known international company. It not only offers different licensed brands, but also has its own designing and development operations.
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group
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progress
Bringing Age of Fossil Fuels to an End
2015-05-15 16:48:00| Climate Ark Climate Change & Global Warming Newsfeed
Dissident Voice: Unprecedented assembles evidence that carbon emissions from fossil fuels are pushing humankind to unprecedented crises. Weather events are becoming more severe. Heat waves, droughts, wildfires, storms are more frequent. Ice caps and glaciers are melting. Sea levels are rising. Oceans are becoming more acidic. A professor emeritus of philosophy and religion, David Ray Griffin discusses in his book, Unprecedented: Can Civilization Survive the Co2 Crisis? (Clarity Press, 2015), human-caused climate...
UN climate chief slams fossil fuel investments, outlines steps Paris deal
2015-05-15 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
ClimateWire: On the heels of President Obama's controversial decision to greenlight renewed oil drilling in the Arctic, the United Nations' top climate change official yesterday declared that fossil fuels have become an unwise investment. Christiana Figueres, who leads the U.N. Framework Convention on Climate Change, avoided commenting directly on the White House move allowing Royal Dutch Shell to begin exploratory drilling in the Chukchi Sea. But she noted that oil and gas reserves must stay underground and...
European Commission Drops Demand to Slash Fossil Fuel Subsidies
2015-05-14 14:39:00| Climate Ark Climate Change & Global Warming Newsfeed
Inside Climate: The European Commission removed calls to end subsides for fossil fuels in its yearly audit of 26 economies on Wednesday, raising questions over its commitment to addressing climate change. Last year, the EUs executive arm told Italy to remove environmentally harmful subsidies and ordered France and Belgium to phase out grants in their extracting of coal, oil and gas. Eight countries were urged to start taxing pollution, and 17 to boost renewables, electric grids and energy efficiency. But...
Tags: european
commission
demand
fuel
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