30 Nov '15, 12pm

Prince Charles Demands Governments Scrap Fossil Fuel Subsidies

Prince Charles Demands Governments Scrap Fossil Fuel Subsidies

BY BRENDAN MONTAGUE AND KYLA MANDEL IN PARIS Fossil fuel subsides totalling $500 billion globally must be scrapped to prevent catastrophic climate change, t he Prince of Wales’s Corporate Leaders Group told the COP 21 conference today. John Key, the New Zealand Prime Minister, presented the Fossil Fuel Subsidy Reform Communiqué to Christiana Figueres, Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC ) on behalf of the Friends of Fossil Fuel Subsidy Reform and its supporters. Philippe Joubert, Chair of The Prince of Wales’s Corporate Leaders Group, said: “The CLG 's long-standing efforts to put a price on carbon, including most recently working with the World Bank through the Carbon Pricing Leadership Coalition, will soon deliver results. “It doesn't make sense that, at the same time, governments artificially deflate the cost of coal, oil and gas...

Full article: http://www.desmogblog.com/2015/11/30/prince-charles-deman...

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