G20 backslides on fossil fuel subsidies: report

Rich nations are still providing more than half a trillion dollars annually to fossil fuel projects despite committing to slash greenhouse gas emissions in line with the Paris climate deal, research showed Tuesday.

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World leaders, including Canadian Prime Minister Justin Trudeau and U.S. President Donald Trump, centre, get ready for a summit family photo at the G20 leaders' summit in Buenos Aires in 2018. PHOTO: PABLO MARTINEZ MONSIVAIS / AP

Rae Munavvar

2020-11-10 10:55:47

Rich nations are still providing more than half a trillion dollars annually to fossil fuel projects despite committing to slash greenhouse gas emissions in line with the Paris climate deal, research showed Tuesday.

While state support to oil, gas and coal has dipped slightly since the landmark 2015 accord, a joint analysis by three climate think tanks found that many nations' post-pandemic stimulus plans will see billions more given to polluting fuels.

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