Each year, the U.S. federal and state governments give away more than $21 billion in subsidies to oil, gas, and coal companies to promote increased fossil fuel production and exploration – expanding oil and gas development and increasing the reserves base at the same time that climate scientists around the world agree that we need to leave at least two-thirds of existing reserves in the ground to avoid catastrophic climate change.
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/cashing-all-above-us-fossil-fuel-production-subsidies-under-obama
[2] http://admin.indiaenvironmentportal.org.in/category/author/shakuntala-makhijani
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/oil-change-international
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fossil-fuels
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/subsidies
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-policy
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/united-states-america-us
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/green-house-gases
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-dioxide
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil-exploration