#StopFundingFossils
10 June 2015
ECO is looking forward to the fight for the microphone over coming months as countries trumpet their exciting plans. All Parties are planning on coming to Paris with robust and ambitious new climate policies, right? After all, no one wants to show up empty handed to the party of the year!
While many questions will be asked about these shiny new announcements, like is it really new, is it really ambitious, or is it just playing tricky games with base years and accounting? Here’s one easy question though: have you stopped funding the problem and finally put an end to those pesky fossil fuel subsidies?
Especially to our climate leaders in the G7 (and don’t worry, we’ll still bug the laggards too): you have already promised to stop propping up big oil, coal and gas. As members of the G20 nations, you won’t have trouble finding better ways to invest the current US$88 billion spent each year on fossil fuel exploration subsidies alone.
When it’s your country’s turn to speak in Paris, know that whatever you say will be much more meaningful if you stop digging the hole you claim to be trying to climb out of. ECO calls on all of you to #StopFundingFossils!