Fossil Fuel Subsidies Are Just Stupid — Bloomberg - CleanTechnica

The article highlights the detrimental impact of fossil fuel subsidies, emphasizing their role in exacerbating climate change and public health crises. Researchers at Imperial College London report that climate change-driven summer heatwaves caused an estimated 16,469 additional deaths across 854 European cities, accounting for nearly 70% of summer heat deaths. Climate scientist Friederike Otto underscores the direct causal link between fossil fuel burning, rising temperatures, and increased mortality, noting that many of these deaths could have been prevented without continued fossil fuel use. In the United States, fossil fuel subsidies have more than doubled over the past eight years, reaching nearly $35 billion annually, according to a study by Oil Change International. This increase has occurred under both Democratic and Republican administrations, reflecting the political challenges in curbing these subsidies. The article criticizes these subsidies as "welfare" for a profitable, polluting industry, arguing they are counterproductive amid urgent needs for clean energy investment. Recent legislation, including the expansion of the Section 45