In Climate Home, CSSN scholar Dario Kenner argues that the G20’s ties to investor and state owned oil and gas companies needs to be scrutinized.
“While G20 governments increasingly support green technologies, lobbyists have successfully persuaded them to provide:
- $5.9 trillion in fossil fuel subsidies in 2020 (“efficient” or otherwise)
- $300 billion since the Covid-19 pandemic began to expand extraction
- Support for options that will extend the use of oil, gas and coal for decades, like hydrogen, carbon capture and storage, and petrochemicals.”