Report authors directly blasted the fossil fuel industry, comparing it to tobacco companies, and the banks that loaned them money.
“All our indicators on the fossil fuel industry are extremely relevant because this is an industry that is actually killing people in large numbers and making them ill in even larger numbers,” said report co-author Paul Ekins, an economics professor at the University College of London.
The Lancet report highlighted 68 countries handing out more than $300 billion in subsidies to fossil fuel companies in 2020. The report from the World Resources Institute and others highlighted fossil fuel subsidies as one of six indicators that are not only off track, but going in the wrong direction.
“Fossil fuel consumption subsidies in particular reached an all-time high last year, over $1 trillion, driven by the war in Ukraine and the resulting energy price spikes,” said report co-author Joe Thwaites of the Natural Resources Defense Council environmental group.
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Report authors directly blasted the fossil fuel industry, comparing it to tobacco companies, and the banks that loaned them money.
“All our indicators on the fossil fuel industry are extremely relevant because this is an industry that is actually killing people in large numbers and making them ill in even larger numbers,” said report co-author Paul Ekins, an economics professor at the University College of London.
The Lancet report highlighted 68 countries handing out more than $300 billion in subsidies to fossil fuel companies in 2020. The report from the World Resources Institute and others highlighted fossil fuel subsidies as one of six indicators that are not only off track, but going in the wrong direction.
“Fossil fuel consumption subsidies in particular reached an all-time high last year, over $1 trillion, driven by the war in Ukraine and the resulting energy price spikes,” said report co-author Joe Thwaites of the Natural Resources Defense Council environmental group.