The world’s biggest and most profitable fossil fuel companies are receiving huge and rising subsidies from US taxpayers, a practice slammed as absurd by a presidential candidate given the threat of climate change.
North Dakota Landowners Sue Fossil Fuel Companies Over Wasted Natural Gas. Nearly 30 percent of natural gas drilled in North Dakota is intentionally burned off, or flared, resulting in an approximately $1 billion loss, and releasing greenhouse gases equivalent to nearly one million new cars on the road.
FILE - In this Feb. 21, 2017 file photo, Environmental Protection Agency (EPA) Administrator Scott Pruitt speaks in Washington. While Oklahoma’s attorney general, emails show that new Environmental Protection Agency chief Scott Pruitt was in frequent contact with fossil fuel companies and special interest groups working to undermine federal efforts to curb planet-warming carbon emissions. (AP Photo/Susan Walsh, File)
OUTRAGEOUS!!!!!!!!!!!Governments Giving Fossil Fuel Companies $10 Million a Minute: - "The fossil fuel industry receives $5.3 trillion a year in government subsidies, despite its disastrous toll on the environment, human health, and other global inequality issues, a new report by the International Monetary Fund (IMF) published Monday has found."
For the first time, one of the major publicly owned fossil fuel companies admitted publicly to investors that climate change lawsuits poses a risk to risk to its profits.