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To: Christine Lagarde, head of the IMF, and Dr. Jim Yong King, World Bank President

IMF and World Bank: End Fossil Fuel Subsidies

End public subsidies for fossil fuel companies.

Why is this important?

In order to avert 2°C global temperature rise, 80% of known fossil fuel reserves need to be kept in the ground. That's the only way we're avoid catastrophic climate change. The business model of fossil fuel corporations is to burn more coal, gas, and oil every year, which ends up in the atmosphere. There business model is at odds with the math of climate name. As a global society, we need to stop subsidizing this world-altering activity.

Category

Partner

Updates

2014-11-09 00:52:49 +0000

25 signatures reached

2013-12-10 12:50:20 +0000

10 signatures reached