G-20 Steps Up Efforts To Phase Out Fossil Fuel Subsidies

photo via flickr

There's news out of Canada, home of this week's G20, about fossil fuel subsidies. Reports say that at the behest of the USA, the group of the 20 largest economies in the world have agreed to remove language that says that cuts in subsidies should be "voluntary." The result could be greater price party for renewable energy sources. The movement seems to be the result of the Gulf oil spill, which continues unabated.

Article continues: Breaking News: G20 Steps Up Efforts To Phase Out Fossil Fuel Subsidies