Posts Tagged ‘subsidies’

Oil subsidies total $500 Billion a year globally

Posted Monday, April 26th, 2010 by admin

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

Oil & Gas Subsidies worldwide total $250 Billion

Posted Tuesday, December 8th, 2009 by admin

Oil and gas subsidies worldwide total $250 billion. Peak oil is upon us. Why companies need to become energy and fuel efficient now. See my National Post column at http://bit.ly/8FU5fH

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