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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

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.


Reasons for signing

  • IMF AND WORLD BANK: END FOSSIL FUEL SUBSIDIES
  • It is simply not sensible to subsidise the fossil fuel industries which are doing so much harm. Government subsidies should go towards renewable energy production and energy saving measures.
  • fossil fuel reserves need to be kept in the ground.

Updates

2014-11-08 19:52:49 -0500

25 signatures reached

2013-12-10 07:50:20 -0500

10 signatures reached