$11 Million Per Minute in Fossil Subsidies ‘Add Fuel to the Fire’, IMF Study Shows October 7, 2021

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The coal, oil, and gas industries received US$5.9 trillion in worldwide subsidies in 2020—a mind-bending $11.2 million per minute, every minute of every hour of every day in the year—the International Monetary Fund (IMF) revealed in an analysis released this week.

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