Leaked Letter Indicates Obama Will Propose Ending Fossil Fuel Subsidies at G20 Meeting Next Week
Oil Change International:
According to a leaked letter, the Obama Administration is set to propose ending fossil fuel subsidies next week at the Pittsburgh G20. The letter, authored by Michael Froman who is an Obama advisor on international economic affairs, calls on the G20 to eliminate all fossil fuel and electricity subsidies, as a “logical step in combating global climate change”.Eliminating fossil fuel subsidies is a great idea, if it’s done right. This is certainly the right time, but the G20 is likely not the right place.
