In light of what we now know about Exxon’s despicable behavior in denying science they knew to be true, it is long past time to END FOSSIL FUEL SUBSIDIES.
Are we nuts, America? We are subsidizing the demise of the entire planet at record breaking rates. The International Monetary Fund just reported that global fossil fuel subsidies in 2012 were $1.9 trillion annually. Of that, $502 billion comes from US taxpayers, to enable the oil industry to continue to enslave us with cheap and plentiful supplies, and to deter development of clean alternatives. Global warming and catastrophic climate change are the “negative externalities” of these subsidies, and we are the greatest enablers of both.
To put things in perspective, the independent website GlobalIssues.org estimates that we could provide universal access to all basic social services to all people in all developing countries for a mere $40 billion as follows: education for all: $6 billion; water and sanitation for all $9 billion; reproductive health for women $12 billion; basic health and nutrition $13 billion.
America spends $8 billion on cosmetics…
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BUCKYIDEAS 