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Farmer Phub Zam, 55, is in a hurry. Monsoon rains have hit ... and Zam is rushing to harvest her broccoli. "Of all my vegetables, broccoli is the most sought after," she said. Each kilogram sells for ... 15 to 30 cents more than broccoli imported from neighboring India, because her produce is grown without the use of chemicals. After decades of subsistence farming, Zam went organic four years ago. Now she grows 21 crops on her 1.3-acre farm, [earning] three times more than she made before. Zam’s success is part of Bhutan’s plan to support sustainable farming as one key to build a thriving “green" economy. In 2011, the government launched the National Organic Program, which aims to make the country’s agriculture 100 percent organic by 2020. Zam’s switchover came when a team of officials from the agriculture ministry told her they were offering women farmers in her village free training in organic farming, including composting and selling the compost for a profit. After attending a three-day training course, Zam started her home compost heap. Today, she sells about 60 kilograms of compost - made of grass, leaves, cow dung and sawdust - every two months to tourist resorts and other buyers. Zam also uses the compost at her farm, including in the two greenhouses she bought and installed with an 80 percent subsidy from the government. In June, officials announced that the government had so far provided 176 greenhouses to farmers and planned to install 650 more.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
You often hear inequality has widened because globalization and technological change have made most people less competitive, while making the best educated more competitive. There’s some truth to this. The tasks most people used to do can now be done more cheaply by lower-paid workers abroad or by computer-driven machines. But this common explanation overlooks ... the increasing concentration of political power in a corporate and financial elite that has been able to influence the rules by which the economy runs. As I argue in my new book, Saving Capitalism: For the Many, Not the Few, this transformation has ... resulted in higher corporate profits, higher returns for shareholders and higher pay for top corporate executives and Wall Street bankers – and lower pay and higher prices for most other Americans. [These changes] amount to a giant pre-distribution upward to the rich. The underlying problem ... is that the market itself has become tilted ever more in the direction of moneyed interests that have exerted disproportionate influence over it, while average workers have steadily lost bargaining power. The most important political competition over the next decades will not be between the right and left, or between Republicans and Democrats. It will be between a majority of Americans who have been losing ground, and an economic elite that refuses to recognize or respond to its growing distress.
Note: This essay was written by former Secretary of Labor Robert Reich. For more along these lines, see concise summaries of deeply revealing income inequality news articles from reliable major media sources.
Until this week most of us had never heard of Daraprim, a drug that fights toxoplasmosis. But after the decision of the drug’s new owner, Turing Pharmaceuticals, to boost its cost per pill from $13.50 to a whopping $750, we’re all unlikely to forget its name or the name of Turing’s owner, 32-year-old Martin Shkreli. The outrage over the astronomical hike in a life-saving drug has opened the doors to a ... debate about the soaring costs of prescription medications in the United States. Daraprim ... has been around since the 1940s. Logic suggests that drugs that have been around for a while should decline in price. It turns out that isn’t the case. The profit-minded individual or company snaps up the patents, suddenly hikes the drug’s price and puts consumers – from insurance companies to individuals – in a position of either paying what is demanded or going without. Late this summer, Rodelis Therapeutics boosted the cost of 30 tablets of cycloserine, a tuberculosis drug, from $500 to $10,800. Early in the year, Valeant Pharmaceuticals International Inc boosted the prices of two heart drugs, Nitropress and Isuprel, by 525% and 212% on the same day that they acquired them. “Our duty is to shareholders and to maximize the value” of Valeant’s products, a company spokeswoman told the Wall Street Journal at the time.
Note: For more along these lines, see concise summaries of deeply revealing news articles about big pharma profiteering from reliable major media sources.
When she agreed to join the Souter Stormers, Grace Brett had no idea that she would become a sensation, the unwitting public face of the Yarn Bombing movement surprising residents of towns and cities around the world. Brett, knitting for most of her 104 years, has more experience than most. Together with her group of "yarnstorming" accomplices, earlier this month they attacked their town by "covering everything from benches to telephone booths" with their creations. They also targeted 48 landmarks in towns across southeastern Scotland. And from one day to the next this great-grandmother became the Yarn Bomber of the year, her photo with her hands busy knitting the next weapons zipping around the world. You may have seen tree trunks wearing socks, bicycle racks in knitted leotards or streetlight posts wearing colorful scarves. Think of it as "knitted graffiti," appearing unannounced in parks, streets, and public monuments in countless countries. No place seems safe from their assault: old buses, entire bridges, fences, cars, and statues are among the items that can suddenly appear covered by colorful decorations knitted or crocheted by any of hundreds of mostly-retirement-aged women. Yarn bombing, also known as yarn storming or guerrilla knitting, can be defined as 'the art of enhancing a public place or object with graffiti knitting.' In fact, many of the so-called "surprise attacks" are conducted after permits have been granted by local authorities.
Note: Don't miss the pictures of this colorful knitted graffiti at the link above. Explore more positive stories like this on amazing seniors and the power of art.
The Chicago Police Department has routinely spied on activist groups during the past six years, police records obtained by the Chicago Sun-Times show — including union members, anti-Olympics protesters, anarchists, the Occupy movement, NATO demonstrators and critics of the Chinese government. And it has continued to do so, according to the records ... which the police department fought to withhold. Under the department’s rules, cops aren’t allowed to purposely interfere with people exercising their free-speech rights. In recent years, though, department officials have repeatedly justified spying on protesters by saying they fear they might engage in “disorder” and “civil disobedience.” One investigation involving the surveillance of protest groups is still underway, 10 months after it was launched, the records show. The police won’t say who is being investigated or discuss the methods being used. “There’s something deeply disturbing about monitoring and documenting the exercise of First Amendment rights,” says Molly Armour, an attorney who has represented protesters investigated by the police. In July, the Illinois attorney general’s office issued an opinion saying “worksheets” — outlining the scope of these investigations — are public records under the state’s Freedom of Information Act. The office ordered the police department to “promptly produce unredacted copies of the worksheets.” It took nearly two months for the department to comply with the ruling.
Note: Undercover police in New York City have reportedly been spying on Black Lives Matter activists. Does the mention of an unnamed investigation that is "still underway" suggest that Chicago police are doing the same? For more along these lines, see concise summaries of deeply revealing civil liberties news articles from reliable major media sources.
American-trained Syrian fighters gave at least a quarter of their U.S.-provided equipment to al-Qaeda’s affiliate in Syria early this week, the U.S. Central Command said late Friday. The acknowledgment is the latest discouraging report regarding the $500 million train-and-equip program, which Gen. Lloyd J. Austin III, head of Central Command, said last week had only “four or five” trained Syrian fighters active in Syria. Since then, the military has said approximately 70 fighters have been added. In the toxic and chaotic Syrian mix, Jabhat al-Nusra and many Syrian rebels are fighting a separate war from the one being waged by the United States against the Islamic State. Their main goal is the overthrow of President Bashar al-Assad. U.S. military vetters have had a hard time finding approved Syrians to train who are also willing to pledge to direct their focus toward the Islamic State rather than Assad. The Pentagon’s admission of the arms turnover comes at an especially sensitive time for the White House. In light of the shortcomings of the train-and-equip program ... White House and Pentagon officials have been considering providing arms and ammunition to a wider array of rebel groups and relaxing some vetting standards. The recent disclosures, however, highlight the pitfalls of that strategy in Syria, where the United States has essentially no troops on the ground and little means of accounting for the weapons it provides.
Note: A carefully researched report on the covert origins of ISIS shows that the U.S. has been providing arms and support to al-Nusra by various channels for years. For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.
Five years ago this week, FBI agents raided the homes of six political activists of the Freedom Road Socialist Organization (FRSO) in Minnesota, Illinois and Wisconsin, as well as the office of the nonprofit Anti-War Committee. A series of FBI documents left behind at Mick Kelly’s Minneapolis home shed more light on the FBI’s activities. What is especially illuminating is the mindset the documents reveal, particularly some of the questions FBI agents were instructed to ask those being served with the search warrants, such as “What did you do with the proceeds from the Revolutionary Lemonade Stand?” In February 2014, as a result of further legal action ... the search warrants for the raids [were] unsealed. The FBI began surveilling the FRSO shortly after the protests at the 2008 GOP convention, using a confidential informant. Despite the FBI’s collection of over a hundred hours of recordings and its multiyear [investigation], to date none of the activists have been charged with any crime. Just four days prior to the FBI raids against the Anti-War Committee and the FRSO, the Department of Justice Inspector General [IG] released the results of an investigation into post-9/11 surveillance of peace groups and other domestic dissidents up through 2006, [which] found that the bureau “engaged in tactics and strategies toward those groups and their members that were inappropriate, misleading and in some cases counterproductive, [and] accused FBI witnesses of ... offering ‘incomplete and inconsistent accounts of events.’”
Note: By 2011, the legal definition of "supporter of terrorism" had come to include peaceful activists, authors, academics and journalists. For more along these lines, read about Cointelpro, the program used by corrupt intelligence agencies to spy on and attack U.S. activists beginning in the 1960's.
This year, US Special Operations forces have already deployed to 135 nations, according to Ken McGraw, a spokesman for Special Operations Command (SOCOM). That’s roughly 70 percent of the countries on the planet. Every day, in fact, America’s most elite troops are carrying out missions in 80 to 90 nations, practicing night raids or sometimes conducting them for real, engaging in sniper training or sometimes actually gunning down enemies from afar. As part of a global engagement strategy of endless hush-hush operations conducted on every continent but Antarctica, they have now eclipsed the number and range of special ops missions undertaken at the height of the conflicts in Iraq and Afghanistan. In the waning days of the Bush administration, Special Operations forces (SOF) were reportedly deployed in only about 60 nations around the world. By 2010, according to the Washington Post, that number had swelled to 75. [It reached] a new record of 135 this summer. This 80 percent increase over the last five years is indicative of SOCOM’s exponential expansion which first shifted into high gear following the 9/11 attacks. SOCOM will not name the 135 countries in which America’s most elite forces were deployed this year, let alone disclose the nature of those operations. These forces carry out operations almost entirely unknown to the American taxpayers who fund them, operations conducted far from the scrutiny of the media or meaningful outside oversight of any kind.
Note: For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.
John Lydon has claimed he was banned from the BBC after speaking out against Jimmy Savile. The former Sex Pistol was referring to an interview he’d given in 1978, during which he had said that Savile was “into all sorts of seediness. We all know about it but we’re not allowed to talk about it." Speaking to Piers Morgan for his Life Stories show, he said: “I’m very, very bitter that the likes of Savile and the rest of them were allowed to continue. I did my bit, I said what I had to. But they didn’t air that.” He continued: “I found myself banned from BBC radio for quite a while, for my contentious behaviour. They wouldn’t state this directly; there’d be other excuses.” The band were already in the BBC’s bad books before Lydon’s Savile comments: God Save The Queen received a total ban on radio play from the corporation in May 1977. Lydon didn’t go into the specifics of what the ban entailed, although he said: “Weren’t I right? I think most kids wanted to go on [Savile's popular show] Top of the Pops, but we all knew what that cigar muncher was up to.”
Note: Watch an excellent segment by Australia's "60-Minutes" team "Spies, Lords and Predators" on a pedophile ring in the UK which leads directly to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this topic in the US. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.
Pope Francis on Thursday gently scolded Congress on a variety of issues. Speaking about his determination “to minimize and, in the long term, to end the many armed conflicts throughout our world,” when he said this: "Here we have to ask ourselves: Why are deadly weapons being sold to those who plan to inflict untold suffering on individuals and society? Sadly, the answer, as we all know, is simply for money: money that is drenched in blood, often innocent blood. In the face of this shameful and culpable silence, it is our duty to confront the problem and to stop the arms trade." The U.S. is by far the largest arms supplier in the world. During the Obama administration, weapons sales have surged to record levels, in large part due to huge shipments to Gulf States, particularly Saudi Arabia. A healthy chunk of those arms sales are heavily subsidized by the U.S. taxpayer. Congress, which could have blocked any of this, went along happily — in no small part because of the approximately $150 million a year the defense industry spends on lobbying and direct campaign contributions. U.S. firms make up seven of the top 10 arms-exporting companies, with Lockheed Martin and Boeing coming in at numbers one and two. In August, Secretary of State John Kerry announced that he would even further speed up U.S. arms sales to Gulf countries.
Note: Read an excellent essay by a top US general exposing how war is a racket. The Pope began speaking out against this racket in a talk with Italian schoolchildren in May. For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.
The U.S. government secretly allowed radiation from a damaged reactor to be released into air over the San Fernando and Simi valleys in the wake of a major nuclear meltdown in Southern California more than 50 years ago — fallout that nearby residents contend continues to cause serious health consequences and, in some cases, death. "Area Four," which is part of the once-secret Santa Susana Field Lab, [was] founded in 1947 to test experimental nuclear reactors and rocket systems. In 1959, Area Four was the site of one of the worst nuclear accidents in U.S. history. But the federal government still hasn't told the public that radiation was released into the atmosphere as a result of the partial nuclear meltdown. Now, whistleblowers ... have recounted how during and after that accident they were ordered to release dangerous radioactive gases into the air above Los Angeles and Ventura counties, often under cover of night, and how their bosses swore them to secrecy. For years starting in 1959, workers at Area Four were routinely instructed to release radioactive materials into the air above neighboring communities, through the exhaust stacks of nuclear reactors, open doors, and by burning radioactive waste. Radioactive contamination ... remains in the soil and water of Area Four and in some areas off-site. The fallout could be linked to illnesses, including cancer, among residents living nearby. In addition to the radiation, dozens of toxic chemicals, including TCE and Perchlorate, were also released ... from the 1950s to 80s.
Note: The government is lying, and people are dying. For lots more on this huge nuclear cover-up, see this NBC article and this one. You can also watch an eight-minute History Channel video on this disaster. The video states that the amount of radiation released during this accident was 240 times the amount released at Three Mile Island, making it one of the worst nuclear disasters in history, yet it was all kept secret. For more, see concise summaries of deeply revealing news articles on government corruption and nuclear power issues.
The head of a US pharmaceutical company has defended his company's decision to raise the price of a 62-year-old medication used by Aids patients by over 5,000%. Turing Pharmaceuticals acquired the rights to Daraprim in August. After Turing's acquisition, a dose of Daraprim in the US increased from $13.50 (Ł8.70) to $750. The pill costs about $1 to produce, but [CEO Martin] Mr Shkreli, a former hedge fund manager, said that does not include other costs like marketing and distribution, which have increased dramatically in recent years. "We needed to turn a profit on this drug," Mr Shkreli told Bloomberg TV. "The companies before us were actually giving it away almost." He says the practice is not out of line with the rest of the industry. "Daraprim is still underpriced relative to its peers," he told Bloomberg TV. The Infectious Diseases Society of America, the HIV Medicine Association and other health care providers wrote an open letter to Turing, urging the company to reconsider.
Note: Following public outcry, Martin Shkreli now says that Daraprim's price will not increase by 5000%, but the fact that this would even be consider shows how rampant corruption is in the industry. For more along these lines, see concise summaries of deeply revealing big pharma corruption news articles from reliable major media sources.
A record-breaking distance has been achieved in the bizarre world of quantum teleportation. Scientists teleported photons (packets of light) across a spool of fiber optics 63 miles (102 kilometers) long, four times farther than the previous record. Quantum teleportation relies on the strange nature of quantum physics, which finds that the fundamental building blocks of the universe can essentially exist in two or more places at once. Specifically, quantum teleportation relies on an odd phenomenon known as "quantum entanglement," in which subatomic particles can become linked and influence each other instantaneously, regardless of how far apart they are. Scientists cannot distinguish the state of either particle until one is directly measured, but because the particles are connected, measuring one instantly determines the state of the other. Currently, physicists can't instantly transport matter (say, a human), but they can use quantum teleportation to beam information from one place to another. "What's exciting is that we were able to carry out quantum teleportation over such a long distance," study co-author Martin Stevens, a quantum optics researcher at the NIST in Boulder, Colorado. Quantum teleportation could enable the development of a "quantum Internet" that allows messages to be sent more securely, Stevens said. The scientists detailed their findings ... in the journal Optica.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Renee Hendrix has been a NICU nurse at WellStar Kennestone Hospital in Marietta, Georgia for over 30 years. In that time, she’s helped countless babies fight for their lives and been a beacon of support and comfort for their families. In honor of National Neonatal Nurses Day on Sept. 15, Kleenex put together this heartwarming video and arranged a special surprise to recognize the beloved nurse and let the families whose lives she touched say thank you. The surprise culminates in a emotional gathering of families Hendrix has aided throughout her time at the hospital. “We don’t realize what an impact we have on families until we see something like that. It was very rewarding,” the NICU nurse told The Huffington Post. “I love those babies like they were my own. I was so honored that people would stop what they were doing and come to be there for me. “It was great to see all of the kids big and healthy and thriving,” she continued. “I definitely felt appreciated and loved. I was just so proud of them. To know I had a part in that was very overwhelming and gratifying.” Hendrix said she was “shocked,” by the surprise, but she was quick to add that her impactful work is par for the course when it comes to nurses. “I do what every other nurse does,” she noted. “I just was the lucky one to get picked. It was a big honor. There are so many nurses that do the same thing.”
Note: Even though it's a Kleenex commercial, this video is incredibly touching.
Testimony at a Senate hearing Tuesday demonstrated that [the Department of Veterans Affairs (VA)] remains a dangerous place for whistleblowers who report wrong doing. “The VA has a culture problem with whistleblower retaliation,” said Sen. Ron Johnson (R-Wis.), chairman of the Homeland Security and Governmental Affairs Committee. The “culture of fear” Johnson spoke of is evident in the number of VA cases handled by the Office of Special Counsel (OSC), an independent body that deals with whistleblower retaliation among other things. VA whistleblower reprisal cases received by OSC has been rising quickly, from 405 in fiscal 2013 to a projected 712 for fiscal 2015 – a 75 percent jump. [Special Counsel Carolyn] Lerner expects approximately 35 percent of the possible 4,000 prohibited personnel practice cases filed from across government this year to be from VA employees. Lerner complained to Obama in a Sept. 17 letter about the lack of discipline for VA managers found to have done wrong. After listing cases where managers were not disciplined, or only lightly so, for infractions, Lerner wrote: “The lack of accountability in these cases stands in stark contrast to disciplinary actions taken against VA whistleblowers. The VA has attempted to fire or suspend whistleblowers for minor indiscretions and, often, for activity directly related to the employee’s whistleblowing.”
Note: In 2011, BBC began asking if the U.S. government was "at war with whistleblowers". Watch a fascinating interview with whistleblower Rebekah Roth, an airline attendant who uncovers an abundance of key new information on 9/11. For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.
Inexpensive statin drugs are given to millions of people to reduce cholesterol, even many who don't show signs of heart disease. A recent study has found that seniors with no history of heart trouble are now nearly four times more likely to get those drugs than they were in 1999. Here's the catch: For patients of that age, there is little research showing statins' preventive heart benefits outweigh possible risks, which can include muscle pain and the onset of diabetes. There have only been a handful of studies that included the over-79 population. The rate of statin use among octogenarians and beyond who don't have a history of heart attack, stroke, coronary heart disease or vascular heart disease quadrupled between 1999 and 2012. Concerns about statins' effects in those older than 79 are being raised as some cardiologists question whether statins are overprescribed even among some younger people. Dr. Steven Nissen, department chair of cardiovascular medicine at the Cleveland Clinic, suggests Congress legislate incentives for drugmakers to study a wider array of drugs and their effects on the very elderly. Most drugs aren't supported by hard clinical evidence to back up treatment in the elderly, he said. Ohio State's Dr. Michael Johansen, a co-author of the recent statins study, suggests doctors be more cautious. Muscle pains that some seniors on statins complain of might be so severe as to ... lead to life-threatening injuries, he suggested. "We just don't know," he said.
Note: In 2010, ABC News reported on drug company involvement in statin research after a critical review found major flaws in the science behind this research. Does anyone but big pharma profit from over-prescribing drugs?
The ability of Pennsylvania’s embattled attorney general to carry out her job was thrown into question Monday as the State Supreme Court issued a temporary suspension of her law license. Kathleen G. Kane ... was elected in 2012, after a campaign in which she accused her predecessor of moving too slowly to indict and arrest Jerry Sandusky, the Pennsylvania State University assistant football coach who was convicted that year on dozens of counts of child abuse. But she quickly became mired in vicious disputes with some former top prosecutors. As she re-examined the handling of the Sandusky case, her investigators also discovered that numerous officials in the attorney general’s office and other state agencies had shared pornographic and racially offensive emails; a Supreme Court justice was forced to resign as a result. But in August, the Montgomery County district attorney charged Ms. Kane with illegally leaking information to the news media about grand jury proceedings. That case had involved former state prosecutors with whom she was feuding. In refusing to leave office, Ms. Kane has said she is the victim of a vendetta by an “old boys’ network” of political and legal rivals. The State Supreme Court ... said that its order “should not be construed” as removing Ms. Kane “from elected office.”
Note: This is clearly a case where the old boys network involved with child sex abuse rings is coming down as hard as possible to get rid of the courageous attorney general who is exposing their dirty deeds. For more on this, see http://truthaboutkathleenkane.com. To understand how pedophile rings have infiltrated the highest levels of government, don't miss the powerful Discovery Channel documentary on this available at this link.
The incidents of sexual assault on children described by American service members who served in Afghanistan are sickening. Boys screaming in the night as Afghan police officers attacked them. Three or four Afghan men found lying on the floor of a room at a military base with children between them, presumably for sex play. No less offensive is that American soldiers and Marines who wanted to intervene could not. The Pentagon’s indulgent, even complicit, attitude toward pedophiles among the Afghan militias that it funded and trained is indefensible, at odds with American values and with international laws Washington has taken the lead in promoting. Sexual abuse would appear to violate the Geneva Conventions, which prohibit violence, cruel treatment and “outrages upon personal dignity” against people taken into custody. International human rights law outlaws rape. The Geneva Conventions and federal law also impose an obligation on the United States to investigate and prosecute violations of the laws of war under its jurisdiction, including military bases in Afghanistan. “There are no gray areas here,” said John Sifton of Human Rights Watch. Fourteen long years of war and billions of dollars invested have proved that the United States cannot remake Afghanistan. But there should be no question that the American military cannot allow such practices on its bases. Nor should service members like Captain Quinn and Sergeant Martland be penalized for refusing to turn a blind eye when a boy is kept as a sex slave.
Note: If you want to understand how pedophile rings have infiltrated the highest levels of government, don't miss the powerful Discovery Channel documentary on this available here. For more along these lines, see concise summaries of deeply revealing news articles on sexual abuse scandals from reliable major media sources.
Pope Francis will meet more than 100 men and women from a dangerously overcrowded prison population. Some 80% of those inmates at that prison, [Philadelphia's] Curran-Fromhold Correctional Facility (CFCF), have not yet been convicted of the crime with which they were charged. Most of them are behind bars because they have not paid or cannot afford to pay bail while awaiting trial. Francis has visited prisons in multiple countries. This particular prison ... presents an extreme microcosm of two of the most pressing national prison problems: pretrial detention and overcrowding. The prison system – particularly in holding those who cannot afford to pay bail – targets the very people Pope Francis has shown the most concern for: the poor. With 2.2 million people incarcerated mostly in state prisons and jails like Philadelphia’s, the US now ... spends about $80bn on prisons. At any given time, between 400,000 to 500,000 of those people [are] held in pretrial or midtrial detention, sometimes for weeks, months and even years, usually because they cannot afford to pay bail. The Justice Department estimates that two-thirds of those inmates are non-dangerous defendants.
Note: For more along these lines, see concise summaries of deeply revealing news articles about income inequality and systemic prison industry corruption.
Rich western countries and the world’s leading developing nations are spending up to $200bn (Ł130bn) a year subsidising fossil fuels, according to a report from the Organisation for Economic Cooperation and Development. The ... thinktank said its 34 members plus six of the biggest emerging economies – China, India, Brazil, Indonesia, Russia and South Africa – were spending money supporting the consumption and production of coal, oil and gas that should be used to tackle climate change. The OECD secretary general, Angel Gurría, [said] that governments were spending almost twice as much money subsidising fossil fuels as was needed to meet the climate-finance objectives set by the international community at climate change summits, which have set a target of mobilising $100bn a year by 2020. Although ... fossil fuel subsidies were on a downward trend since peaking in 2011-12, the thinktank said they remained high. “By distorting costs and prices, fossil-fuel subsidies create inefficiencies in the way we generate and use energy,” Gurría said. “But most importantly, fossil-fuel subsidies undermine efforts to make our economies less carbon-intensive while exacerbating the damage to human health caused by air pollution.”
Note: The International Monetary Fund recently estimated that fossil fuel companies globally receive $5.3 trillion in yearly subsidies. In the US, these subsidies are granted by politicians that receive significant campaign contributions from the fossil fuel industry.
Important Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.