#1 Fossil Fuel Industry Subsidized at Rate of $11 Million per Minute

A comprehensive study of 191 nations, published by the International Monetary Fund in September 2021, found that globally the fossil fuel industry receives subsidies of $11 million per minute, the Guardian and Treehugger reported in October 2021. Fossil fuel companies received $5.9 trillion in subsidies in 2020, with support projected…
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