Tag: fossil fuel subsidies

G20 countries paying AUD$633 billion in subsidies to oil, gas and coal companies: report

A new report has found that the world's biggest economies are paying $633 billion in production subsidies every year to oil, gas and coal companies. The report by US environmental think tank, Oil Change International and UK humanitarian think tank, the Overseas Development Institute, found Australia is paying $7 billion on average annually in production subsidies to fossil fuel producers.

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