Publication or article

Uploaded subsidy-related resources, whether via actual file upload or link to resource on another website.

US Subsidies Boost Expected Profits And Development Of New Oil And Gas Fields

Researchers at the Stockholm Environment Institute (Somerville and Seattle, USA) and Earth Track, Inc. (Cambridge, MA, USA) examined 16 subsidies and environmental regulatory exemptions, providing one of the first estimates of how government subsidies will affect investment decisions for new gas fields in the coming decade. Their results are published in the IOP Publishing journal, Environmental Research Letters. 

ExxonMobil’s Real Quid Pro Quo With the Government

The Seven Sisters oil companies—now consolidated into ExxonMobil, BP, Shell, and Chevron—relied on imperial concessions throughout much of the global south to maintain their cartel over some 85 percent of the world’s oil resources through much of the twentieth century. When local governments threatened that control, the companies turned to the CIA to help protect their property.

Investors can help stop subsidies that are destroying biodiversity

During the 2010 UN Convention on Biological Diversity (CBD) Conference, 190 countries committed to phasing out or reforming subsidies harmful to biodiversity by 2020.

However, a study by The B Team supported by Business for Nature, the first in over a decade to provide an estimate of the total value of environmentally harmful subsidies across key sectors, shows governments have failed to deliver...

By subsidizing industries like oil and gas, we are essentially financing our own destruction

Gas is more expensive than ever before — but it’s not just at the pump where we are taking the hit. What many don’t know is Canadians are also paying more for gas through our tax dollars. And when we consider the environmental impacts, that cost is even greater.

In fact, as we waste time complaining about how much it costs to fill our tanks, the Canadian government is busy pumping billions of our tax dollars into fuelling global warming. By subsidizing not only oil and gas but also animal agriculture and other harmful industries, we’re essentially financing our own destruction.