Bombshell IMF Study: United States Is World’s Number One Fossil Fuel Subsidizer

http://thinkprogress.org/climate/2013/03/29/1791811/bombshell-imf-study-united-sates-is-worlds-number-one-fossil-fuel-subsidizer/

By Jeff Spross on Mar 29, 2013

Between directly lowered prices, tax breaks, and the failure to properly price carbon, the world subsidized fossil fuel use by over $1.9 trillion in 2011 — or eight percent of global government revenues — according to a study released this week by the International Monetary Fund.

The biggest offender was by far the United States, clocking in at $502 billion. China came in second at $279 billion, and Russia was third at $116 billion.

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