Oil and gas subsidies total $500 billion a year globally!!
Why are global governments subsidizing the most profitable corporations in the world?
Seven of the top 20 most profitable companies worldwide were oil companies in 2008 – and their cumulative profit roughly equaled the other 13 companies added together.
Subsidies to green energy sources are only 6-9 cents on the dollar compared to oil and gas subsidies.
In this special presentation on Corporate Knights web site learn all the details at http://bit.ly/8XsLau
Tags: Oil, oil subsidies, subsidies
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jay
April 29, 2010 at 7:37 pm
These numbers are absolute madness. We are still so far away from a decent path about energy.