Help stop fossil fuel subsidies & keep oil in the ground.

Every year, fossil fuel companies receive billions of dollars through federal and international subsidies. According to research from the International Energy Agency, 37 governments spent $409 billion on artificially lowering the price of fossil fuels in 2010.

For developing industries, subsidies can be a really useful tool. But fossil fuel companies — particularly oil companies like Transcanada, operator of the proposed Keystone XL pipeline — are not part of a developing industry. Across the board, they post record profits year after year after year.  Subsidies are not necessary to their success and would be better spent elsewhere; like funding renewable energy, fighting poverty or proactively tackling climate change adaptation.

UNTIL WE SHOW FOSSIL FUEL COMPANIES THAT WE ARE READY for something new, pipelines like Keystone XL are going to keep coming back like an ex-boyfriend who won't get the hint.

Now is the time to end our unhealthy relationship with dirty energy. The first step in this breakup is cutting them off.


Inspire Government Action in the United States:

Credible estimates show fossil fuel companies receiving between $10 billion and $52 billion annually in subsidies. If you’re a taxpayer in the United States, it’s possible you’ve personally paid up to $527 to help fossil fuel companies over the past five years. If you want to stop these payouts to fossil fuel companies, there’s a bill currently tabled in congress to do just that.

Our allies at 350.org encourage Americans to ask their congressperson to support the ‘End Polluter Welfare’ act and eliminate $7 billion annually in subsidies to fossil fuel companies.  Find out more.

Stop International Fossil Fuel Subsidies

The total global amount of fossil fuel subsidies is estimated to be in the range of $775 billion to $1 trillion dollars in 2012. While G20 leaders pledged to phase out fossil fuel subsidies in 2009, very little concrete action has followed.  Part of the reason is the lack of clarity on how much money is truly provided to fossil fuel companies. Improving transparency is one of the first essential steps in phasing out subsidies.

Our allies at Oil Change International have identified several international forums where action on fossil fuel subsidies is necessary:


Big Energy loves to spend your money.

Meet a few of the fossil fuel corporations who benefit from your giving:

 


We must keep up the pressure.

Eliminating fossil fuel subsidies is not a new concept. Back in 2009, the G20 committed to phasing out fossil fuels in the ‘medium term’. Earlier this year, close to a million people signed a petitions from Avaaz.org and 350.org urging world leaders at the G20 Mexico meeting and the Rio+20 Earth Summit to follow up earlier promises with concrete action. The 2,700 members of the UN global compact released a statement supporting the idea, saying:

It is time to make the Rio+20 conference the beginning of the end of all subsidies to fossil fuels and reorient subsidies towards clean and renewable energy, including activities such as loan guarantee programmes for ensuring access to sufficient capital for renewable energy companies, measures to stabilize the long-term price of power from renewable projects, and policies to encourage the adoption of transformative low-carbon solutions.”

In total, 135 countries have voiced their support for fossil fuel subsidy reform. But, as you can see in this study from Oil Change International, little progress has been made so far. 

 

Pressure works... but only if we keep applying it, each and every day. Thanks for doing your part.  


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