According to the study, subsidies for energy, which almost all go to fossil fuels, add up to $300 billion a year or 0.7% of world gross domestic product (GDP).
http://www.treehugger.com/files/2008/08/un-study-scrapping-fossil-fuel-subisides.phpSee also:
Hidden Oil Subsidies: We Need to END Them
http://www.treehugger.com/files/2008/07/hidden-big-oil-subsidies-stop-them.phpActual subsidies to Big Oil are between $78 to $158 billion (again, with a 'b') per year.
With oil companies making record setting profits, what the hell do they need subsidies for?
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