April 26, 2010

Oil subsidies total $500 Billion a year globally

By
Jim Harris
Magazine Article

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

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