Failing Test for Green Recovery, Tracker Shows G20 Nations Pumping $151 Billion Into Fossil Fuel Industry Amid Pandemic: While campaigners around the world continue to demand a just, green recovery from the ongoing coronavirus pandemic, new data from a global Energy Policy Tracker shows that the richest countries on Earth have committed billions of dollars in public money to support fossil fuels since the start of the public health crisis.

The new tracker reveals that G20 countries, who account for 80% of the world’s greenhouse gas emissions, have committed at least $150.81 billion to support fossil fuel energy while only $88.63 to support clean energy. The tracker was launched ahead of G20 meetings of finance ministers and central bank governors and deputies this weekend.

“At this point in history it’s clear that investing in fossil fuels is as lethal to global economies as it is to life on Earth,” said Catherine Abreu, executive director of Climate Action Network (CAN) Canada. “Yet G20 leaders keep lying to themselves and their citizens as they prop up coal, oil, and gas with public money in the name of private financial return.”

“Canada’s claims to international leadership are hollow as long as its national and subnational governments funnel money to polluting projects like Vista and the Trans Mountain and Coastal Gaslink pipelines,” Abreu added. “Covid-19 has revealed two truths that Canada and G20 leaders must heed: one, if we don’t kill pollution, it will kill us; and two, a healthier world is possible—we need to only choose to build it.”

Failing Test for Green Recovery, Tracker Shows G20 Nations Pumping $151 Billion Into Fossil Fuel Industry Amid Pandemic: While campaigners around the world continue to demand a just, green recovery from the ongoing coronavirus pandemic, new data from a global Energy Policy Tracker shows that the richest countries on Earth have committed billions of dollars in public money to support fossil fuels since the start of the public health crisis.The new tracker reveals that G20 countries, who account for 80% of the world’s greenhouse gas emissions, have committed at least $150.81 billion to support fossil fuel energy while only $88.63 to support clean energy. The tracker was launched ahead of G20 meetings of finance ministers and central bank governors and deputies this weekend.“At this point in history it’s clear that investing in fossil fuels is as lethal to global economies as it is to life on Earth,” said Catherine Abreu, executive director of Climate Action Network (CAN) Canada. “Yet G20 leaders keep lying to themselves and their citizens as they prop up coal, oil, and gas with public money in the name of private financial return.”“Canada’s claims to international leadership are hollow as long as its national and subnational governments funnel money to polluting projects like Vista and the Trans Mountain and Coastal Gaslink pipelines,” Abreu added. “Covid-19 has revealed two truths that Canada and G20 leaders must heed: one, if we don’t kill pollution, it will kill us; and two, a healthier world is possible—we need to only choose to build it.”Read More