2 billion dollars is just how much is lost by giving mining companies tax-free fuel. Australia's total subsidy of fossil fuels is around $12 billion. Even more startling is that the USA figure is over $1 trillion dollars. (That's $1,000,000,000,000 per year!)
Tuesday, June 19, 2012
2 Billion Dollars
This graphic shows some good reasons (apart from climate change of course) to end fossil fuel subsidies.
2 billion dollars is just how much is lost by giving mining companies tax-free fuel. Australia's total subsidy of fossil fuels is around $12 billion. Even more startling is that the USA figure is over $1 trillion dollars. (That's $1,000,000,000,000 per year!)
2 billion dollars is just how much is lost by giving mining companies tax-free fuel. Australia's total subsidy of fossil fuels is around $12 billion. Even more startling is that the USA figure is over $1 trillion dollars. (That's $1,000,000,000,000 per year!)
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