Analyse
Published on: 11. November 2024

Fossil raw materials: billions in subsidies instead of turning away from oil and gas

Although the global community decided to move away from fossil fuels at the last climate conference, companies continue to invest tens of billions in the search for new oil and gas fields. Government subsidies for fossil fuels have shot up to well over one trillion US dollars following the war in Ukraine. One positive sign comes from the financial industry.

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Last updated: 24. July 2025
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