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Photo: Abandoned oilfields South of Baku, Azerbaijan.
© Knut Mueller/GlobalAware


The fossil fuel industry keeps us dependent on coal, oil and gas; and Governments use your money to finance it.

"We're doing great, thank God. [...] We're using more fossil fuels. We're putting more CO2 in the air. The coal plants are running at record levels. Business has never been better." Fred Palmer, Western Fuels Association

To face up to climate change, we need nothing less than a revolution in how we generate and consume energy. However, not everyone is interested. The owners of old and inefficient power stations and industry installations are making money from their dinosaurs and want to continue to do so.

These people are willing to do a great deal to prevent or delay action on climate change that would require them to shift to cleaner technologies. The fossil fuel industry funnels money to think tanks that publish slick reports challenging the scientific consensus about the dangers of climate change. This strategy was laid out years ago in a secret industry memo called A Global Climate Science Communications Action Plan. It says, quote "Victory will be achieved when…uncertainties in climate science…become part of the conventional wisdom."

Governments also actively support the fossil fuel business. The coal, oil and gas industry receives global subsidies of €165 billion of taxpayers' money every year. Removing these subsidies could cut global carbon dioxide emissions by up to 18%, e.g. by forcing power companies to invest in clean energy to stay competitive.

International financial institutions, such as the World Bank, fund the extraction of yet more oil, coal and gas for the rich. Very often this leads to social and economic disruption and environmental damage in developing countries. The pipeline that is currently being built to link the Caspian oil fields with the Mediterranean is a prime example. The volume of new oil it will transport every year will release 170 million tonnes of carbon dioxide into the atmosphere - equivalent to 30% of UK's annual carbon dioxide emissions.