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James Ellsmoor – United States Spend Ten Times More On Fossil Fuel Subsidies Than Education

Summary:
A new International Monetary Fund (IMF) study shows that USD.2 trillion was spent globally on fossil fuel subsidies in 2017. The equivalent of over 6.5% of global GDP of that year, it also represented a half-trillion dollar increase since 2015 when China (.4 trillion), the United States (9 billion) and Russia (1 billion) were the largest subsidizers Forbes James Ellsmoor - United States Spend Ten Times More On Fossil Fuel Subsidies Than Education

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A new International Monetary Fund (IMF) study shows that USD$5.2 trillion was spent globally on fossil fuel subsidies in 2017. The equivalent of over 6.5% of global GDP of that year, it also represented a half-trillion dollar increase since 2015 when China ($1.4 trillion), the United States ($649 billion) and Russia ($551 billion) were the largest subsidizers

Forbes

James Ellsmoor - United States Spend Ten Times More On Fossil Fuel Subsidies Than Education
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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