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Fossil Fuel Subsidies Are Destroying The World

Fossil Fuel Subsidies Are Destroying The World thumbnail Antonio Guterres

Subsidies for the fossil fuel industry should be eliminated as they help to “destroy the world” the United Nation’s Secretary-General Antonio Guterres told media this week, adding pollution should be taxed, as quoted by Reuters.

“Many people still think that to give fossil fuel subsidies is a way to improve living conditions of people,” Guterres said at a climate change conference in Austria. “There is nothing more wrong than that. What we are doing is using taxpayers’ money – which means our money – to boost hurricanes, to spread droughts, to melt glaciers, to bleach corals. In one word – to destroy the world.”

Global fossil fuel consumption subsidies, including for electricity generation, exceeded US$300 billion in 2017, according to data from the International Energy Agency released in its 2018 World Energy Outlook.

Of this, Iran accounted for the biggest portion, at US$45 billion, followed by China, with subsidies of about US$38 billion, and Saudi Arabia, which poured around US$35 billion in oil gas, and electricity subsidies in 2017, Russia came fourth, with about US$21 billion allocated for fossil fuel subsidies.

Meanwhile, the pressure to curb the worst effects of climate change on the environment is intensifying. Earlier this month a fresh report warned that up to a million animal and plant species faced extinction as a result of human activity. The report, however, blamed industrial farming and fishing for the crisis rather than singularly focusing on the energy industry as many others have. Yet, it said that fossil fuel use made matters worse.

In response to this report, the UN’s Secretary-General called for “a rapid and deep change in how we do business, how we generate power, how we build cities, and how we feed the world”. This is by far not the first—nor will it be the last—call for a complete makeover of human civilization. The thing about complete makeovers is they don’t happen overnight however much you want them to. That’s why now some have estimated that even if all governments that ratified the Paris Agreement do what they pledged to do, temperatures will still rise by an average 3 degrees Celsius from pre-industrial times.

By Irina Slav for Oilprice.com



29 Comments on "Fossil Fuel Subsidies Are Destroying The World"

  1. Shortend on Fri, 31st May 2019 9:25 am 

    Fossil fuels make the world go round.
    No FF no economy

  2. Sissyfuss on Fri, 31st May 2019 9:38 am 

    BAU is hanging on for dear life. We can’t live without it but ultimately we won’t be able to live with it. A conundrum wrapped around tragedy encased within a mass extinction.

  3. Robert Inget on Fri, 31st May 2019 10:10 am 

    The cheapest gasoline in the world can be found in Venezuela. Look what subsidized fuels did for them.

  4. Robert Inget on Fri, 31st May 2019 11:33 am 

    FF Dictatorships use subsidized fuel to placate populations. In good times, high oil prices, subs
    work to give most of the people consumer goods.
    Not as it were long term wealth.

    Take Norway. One of the richest oil producing countries in the world per population. Best selling car? Teslas.
    Why?
    Gasoline sells for the highest price in the world.

    1. Venezuela

    Price per gallon: $0.02

    Average daily wage: $16.14

    Daily wages spent on one gallon of gas: 0.95 percent

    2. Kuwait

    Price per gallon: $0.88

    Average daily wage: $68.69

    Daily wages spent on one gallon of gas: 1.27 percent

    3. United States

    Price per gallon: $2.57

    Average daily wage: $156.34

    Daily wages spent on one gallon of gas: 1.64 percent

    4. Luxembourg

    Price per gallon: $4.69

    Average daily wage: $285.13

    Daily wages spent on one gallon of gas: 1.66 percent

    5. Saudi Arabia

    Price per gallon: $0.91

    Average daily wage: $52.77

    Daily wages spent on one gallon of gas: 1.72 percent

    6. United Arab Emirates

    Price per gallon: $1.80

    Average daily wage: $90.13

    Daily wages spent on one gallon of gas: 2.00 percent

    7. Switzerland

    Price per gallon: $5.58

    Average daily wage: $213.60

    Daily wages spent on one gallon of gas: 2.58 percent

    8. Australia

    Price per gallon: $3.57

    Average daily wage: $134.27

    Daily wages spent on one gallon of gas: 2.58 percent

    9. Canada

    Price per gallon: $3.45

    Average daily wage: $110.41

    Daily wages spent on one gallon of gas: 2.96 percent

    10. Norway

    Price per gallon: $6.53

    Average daily wage: $190.47

  5. Dredd on Fri, 31st May 2019 11:38 am 

    The few endangering the many (The Rus People).

  6. print baby print on Fri, 31st May 2019 12:44 pm 

    https://www.yahoo.com/huffpost/china-us-trade-war-warning-143359820.html .
    Trump and people around him are not that stupid and they know much more than we do. The trade can not continue any more because of the ff depletion. Bau is finished or at least the end is closer then ever

  7. Anonymouse on Fri, 31st May 2019 2:37 pm 

    The uS subsidies plenty of planet-wrecking industries and practices, not just oil!

    Nuclear power, corporate food, corporate ‘health care’, auto-production, weapons, drugs, banks, mining, clear-cutting, coal, you name it. If your industry is making the planet a toxic hell and swamp, chances are the uSgov has been subsiding you for decades, with no plans to stop either.

    Subsidies to amerikas monopolistic planet-wrecking cartels is what made amerika great.

  8. Anonymouse on Fri, 31st May 2019 3:33 pm 

    Juan, you tell the exceptional one all about identity theft. You are and expert. You and I are expert stalkers. Great minds think alike. lol

  9. More Davy Identity Theft on Fri, 31st May 2019 3:42 pm 

    Davy on Fri, 31st May 2019 3:33 pm

  10. JuanP on Fri, 31st May 2019 4:24 pm 

    Oops, who am I to whine identity theft??

  11. More Davy Identity Theft on Fri, 31st May 2019 5:43 pm 

    JuanP on Fri, 31st May 2019 4:24 pm

  12. More Davy Identity Theft on Fri, 31st May 2019 5:45 pm 

    Anonymouse on Fri, 31st May 2019 3:33 pm

  13. makati1 on Fri, 31st May 2019 5:49 pm 

    The US is a socialist country claiming to be a capitalist democracy. But then, the US is also the number one liar country.

    Nothing will change until the US goes belly up and is unable to meddle or threaten. I hope it is soon. GO TRUMP!

  14. Theedrich on Sat, 1st Jun 2019 2:21 am 

    There is an insightful guest post by Hardscrabble Farmer at https://www.theburningplatform.com/2019/05/30/american-chernobyl/#more-197465:

    “The United States has entered its terminal phase and most of its citizens are as blithely unaware of this reality as they were of the impending dissolution of the Soviet system in the late 1980s.  On the surface each one projected its hegemony and influence far beyond its limitations through a combination of propaganda and threats.  Both systems were thoroughly corrupted, perhaps from their inception, but certainly and absolutely as they neared their nadir, yet both systems affected a nonchalance that soon — very soon, every knee would bend before their majesty and morally superior aspirations.

    “For the USSR it was based upon the trite concept that everyone should share equally of the labors of others when no such possibility ever existed during mankind’s reign over the Earth.  In America it was the equally vapid and hollow claim that all men are created equal when no such thing had ever been so at any time, nor could it ever be possible.  To base an entire National mythos on pure sophistry is a guarantee of failure and yet there remains an eternal optimism rooted in these fanciful phrases that [have become] distorted and diffused before our eyes.

    “The elites always managed somehow, regardless of the system and its ideals, to rise above equality and find a toehold in a neo-aristocracy where, rather than blood-ties, loyalties were developed in the institutions and secret societies:  Ivy League universities, Intelligence agencies, International banking cartels, Media conglomerates and Corporate boardrooms.  The differences between the Politburo under Gorbachev and the current Congress are most noticeable in attire and decor rather than in behavior and outcomes.

    “In America today there is a complete symbiosis between the organs of information — the MSM — and the political parties and their apparatchiks, and it is used solely for the control of the populations and the promotion of The Narrative rather than as a means of explaining the events of the day.  Much in the same way that the Soviet news organizations, Pravda (Truth) and Izvestia (News), were able to control information to such a degree that the people of the USSR joked that “there is no truth in Pravda and no news in Izvestia”, the current state of media in America is summed up in the equally derogatory slur.  “Fake News”.

    “The unwinding tale of Russian “collusion,” with all of its reeking details rooted in pure fiction, has done nothing to resolve the deeper issues in America that cause the greatest amount of suffering for the population.  It has, in fact, rent the fabric of an already frayed body politic, driving the divide further apart than at any other time since the War Between the States.  It is clear that these animosities and resentments are being deliberately stoked by a compliant press in order to sow division so that no one might notice the wholesale plunder of the American people by a small cohort of deeply corrupted and morally bankrupt criminals who care nothing for the country they are employed to serve.”

    Enough said.

  15. Cloggie on Sat, 1st Jun 2019 5:07 am 

    https://www.theburningplatform.com/2019/05/30/american-chernobyl/#more-197465:

    European Americans are well-advised to rediscover their “inner-European” and prepare to “come home”, not in a physical, but in a spiritual sense.

    The West is approaching a 1989-1991 of its own. Economic communism didn’t work, hence the death of the USSR. Racial communism won’t work either, hence the impending implosion of the West aka US empire.

    Expect radical changes in the map of North-America. Just like the USSR fell apart into 15 states, the US (and Canada) will probably fall apart in 5 or more parts as well.

    Western European states, like Eastern-European states will probably continue to exist, because every one of them still has a large majority of the original populations. Once we get rid of the imperial overlord, their vassals like Merkel, will be toast, just like their vassal counterparts in Eastern Europe were toast:

    https://tinyurl.com/y2kzq2dw

    An exception could be the UK, that probably will lose Scotland, certainly in the case of a hard-Brexit.

    After Fortress Europe has been implemented and relations with Russia radically improved, we in Europe and Russia should be prepared to intervene militarily in a potentially cataclysmic situation in North-America, first clandestine, just like in 1776, only this time, eventually, on an immense larger scale, while China is having a good-time Down-Under and East-Asia (Taiwan) and perhaps in the end even in Vancouver.

    The purpose of the Greater European intervention should be to separate white nationalists from Washington, just like Russia separated the people of Donbass from Kiev. But again, the scale this time is 100 times larger than that.

    This American-German jew has his fears and senses what is coming:

    https://www.spiegel.de/plus/jason-stanley-im-interview-rechter-antisemitismus-ist-die-groessere-bedrohung-a-a0adc3a5-3df7-480b-94ad-82b79ae7e91f

    Let’s ensure his worst fears become reality and get this century over with once and for all:

    https://www.amazon.com/Jewish-Century-Yuri-Slezkine-ebook/dp/B005646E32/ref=sr_1_1

  16. Davy on Sat, 1st Jun 2019 5:41 am 

    “The United States has entered its terminal phase and most of its citizens are as blithely unaware of this reality as they were of the impending dissolution of the Soviet system in the late 1980s.”
    This fits the world over, thee. This is not just and American thing. It is primarily a sheeple thing and sheeples are a global reality. Only 10% of the population can think intellectually out of the box. This 10%er reality is what runs the world. The reality is without these 10% very high value individuals the world would immediately crash. These 10%ers need many of the other 90% but probably ½ of the 90% are expendable in the cold hard reality of survival of the fittest. These days we have surplus people who don’t contribute. Many specialized high IQ people that are part of the very high value group are so focused and busy in their fields they are also oblivious of the terminal phase of global civilization. There are a few awakened ones who see the whole picture and many of the 10%ers who have a bad feeling in their stomachs with the way things are going.

    “On the surface each one projected its hegemony and influence far beyond its limitations through a combination of propaganda and threats.”
    This is already the case but the fact are now we are in a multipolar world with Russia and China as balancing military powers and the EU and China balancing economic powers. The US is not going away just it hegemonic influence.

    “In America today there is a complete symbiosis between the organs of information — the MSM — and the political parties and their apparatchiks, and it is used solely for the control of the populations and the promotion of The Narrative rather than as a means of explaining the events of the day.”
    No shit and this is global but there is also a vibrant alternative media that is reaching many people and keeping the truth alive. Nowhere is it as strong as in the US where Free speech inherent in our constitution still inhibits TPTB from controlling the narrative completely. Free Speech is central to the US way of life so it cannot be eliminated completely. It is being eroded slowly and corrupted by lies but still functioning. Nowhere can the government and the people themselves be critiqued like in the US. This is why anti-Americanism has so much fodder. There is so much of it generated and dispersed here in the states and the world. If anything the US is light years ahead of Europe and Asia in alternative conversations. Can you imagine some of the talk here going on in China. Why do you think our board extremist clowns from Europe are here so much.

    Enough said.

  17. Davy on Sat, 1st Jun 2019 5:51 am 

    “European Americans are well-advised to rediscover their “inner-European” and prepare to “come home”, not in a physical, but in a spiritual sense.”
    Stupid friggin racist drivel. It is more like people everywhere need to be awakened to the realities of decline of our civilization and planetary systems including the web of life IMA the ideas that brought us to these cross roads are almost all European and a product of the last 500 years of European history. Fuck inner European feelings. What a bunch of shit.

    “The West is approaching a 1989-1991 of its own. Economic communism didn’t work, hence the death of the USSR. Racial communism won’t work either, hence the impending implosion of the West aka US empire.”
    More stupid racial drivel that is dishonest about the real problems that are facing the world

    “Expect radical changes in the map of North-America. Just like the USSR fell apart into 15 states, the US (and Canada) will probably fall apart in 5 or more parts as well.”
    Eurotard, you need to look at your own failing Euroland instead of your hyper concern for the US.

    “Western European states, like Eastern-European states will probably continue to exist, because every one of them still has a large majority of the original populations. Once we get rid of the imperial overlord, their vassals like Merkel”
    Yea, the Eurotard reminds me of when we dream we never experience death. We might get close to it but wake up before the death part. This is the case with the Eurotard and all his ideas of WW3 and economic collapse. It is always the case he will survive and the “OTHERS” will be dead. LMFAO and the FRAUD

    “After Fortress Europe has been implemented and relations with Russia radically improved, we in Europe and Russia should be prepared to intervene militarily in a potentially cataclysmic situation in North-America, first clandestine, just like in 1776, only this time, eventually, on an immense larger scale, while China is having a good-time Down-Under and East-Asia (Taiwan) and perhaps in the end even in Vancouver.”
    The daily PBM prayer from the Eurotard priestess

    “The purpose of the Greater European intervention should be to separate white nationalists from Washington, just like Russia separated the people of Donbass from Kiev. But again, the scale this time is 100 times larger than that.”
    GEEZE. LOL

  18. Davy on Sat, 1st Jun 2019 6:19 am 

    Oops, sorry for losing my shit again everyone.

    Sometimes I just can’t stop myself from getting all emotional.

  19. JuanP on Sat, 1st Jun 2019 6:44 am 

    I was wondering what happened to the mindless fuck nut juanpee. I thought he might be so depressed that he gave up on his stupid obsessions.

    Davy on Sat, 1st Jun 2019 6:19 am
    Oops, sorry for losing my shit again everyone.
    Sometimes I just can’t stop myself from getting all emotional.

  20. More Davy Identity Theft on Sat, 1st Jun 2019 6:47 am 

    JuanP on Sat, 1st Jun 2019 6:44 am

  21. More JuanP idenity theft on Sat, 1st Jun 2019 6:51 am 

    More Davy Identity Theft said JuanP on Sat, 1st Jun 2019 6:44 am

  22. Davy on Sat, 1st Jun 2019 6:56 am 

    Oops, sorry for losing my shit again everyone.

  23. JuanP on Sat, 1st Jun 2019 6:59 am 

    OOps, sorry for being a mindless fuck nut wasting everyone’s time. I am an obsessive compulsive stalker who is so so depressed.

    Davy on Sat, 1st Jun 2019 6:56 am
    Oops, sorry for losing my shit again everyone.

  24. More Davy Identity Theft and Projections on Sat, 1st Jun 2019 7:01 am 

    JuanP on Sat, 1st Jun 2019 6:59 am

  25. More JuanP identity theft on Sat, 1st Jun 2019 7:21 am 

    More Davy Identity Theft and Projections on Sat, 1st Jun 2019 7:01 am

    JuanP on Sat, 1st Jun 2019 6:59 am

  26. Hello on Sat, 1st Jun 2019 7:22 am 

    >>>> “Expect radical changes in the map of North-America. Just like the USSR fell apart into 15 states, the US (and Canada) will probably fall apart in 5 or more parts as well.

    Yes, but that’s WAY out in the future, as nothing lasts forever. The EU is much more likely to fall apart first.

  27. Kenz300 on Sat, 1st Jun 2019 11:08 am 

    Fossil fuels are destroying the planet.
    Soon financial institutions and insurance companies will find coastal properties to risky to lend to or insure making those properties drop in value. 1000 year floods are happening every few years in some places. It is time to divest from fossil fuels.
    Wind and solar are safer, cleaner and cheaper forms of energy generation. Electric vehicles have a lower cost of ownership due to less maintenance requirements. It is time to switch to electric.

  28. Sissyfuss on Sat, 1st Jun 2019 1:55 pm 

    Is that really you Kenz? We have so much identity slander going on here you need a program to identify the slanderers. Welcome and remember, when the only thing growing is the population we have entered the Winter.

  29. Gaia on Mon, 3rd Jun 2019 5:39 pm 

    Greed is killing us.

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